Iranian goods dominate the Syrian market amidst reconstruction efforts.
Exports to Syria: the decision of the Syrian government to ban the import of goods from Turkey and on the other hand become more competitive prices of goods produced in Iran, Iranian goods have high competitive potential with similar foreign products. For export to Syria, according to surveys conducted by the research and marketing team of Noor Al-Furat Company, Iranian manufacturers and exporters can have more priority in the fields of energy, construction industry, medical equipment, infrastructure and equipment, and livestock and food industries.
It should be noted that due to the volume of reconstruction with the high speed of Syria and the pristine nature of exports to Damascus and the Syrian market, and given the current economic market conditions in Iran, the best way to earn foreign exchange and be able to cope with the exchange rate. The global dollar is an export and entry into world markets, and a suitable option for Iranian producers and exporters, as has been said about the geography and market of Syria, is to export and trade with Syria.
Export along with technology transfer is one of the most important pillars of international trade, which is also one of the important levers of international politics. Strengthening exports can facilitate the economic development of industries, and this will be possible by identifying new markets and introducing customers. We are with you to do things for you, such as identifying the market and exporting and transporting to Syria.
Syria, the capital of Damascus, still has a lot of potential for reconstruction after years of civil war. Syria's population of 22 million provides a very, very large consumer market for exporters so that they can expand their trade by exporting to Syria. Iran's political influence in the capital of Tehran, Syria, is very high and it can be said that it is very large and unique in the region, so it creates a very good opportunity for exporters of Iranian goods and services.
Iran's main rivals in the Middle East, such as Turkey, have been barred from entering the Syrian economy, so they cannot play a role in the Syrian economy. Egypt, which is one of Tehran's main competitors in the Syrian market, also does not have significant industrial potential and the quality of their products is low.
It can be noted that Iran's main economic and trade rival in the trade market is Syria; it is Russia, but goods produced in Russia are much more expensive than goods produced in Iran, and Russia is not able to compete with goods made in Iran to export to Damascus. Also, the geographical location of Syria and the access of Syrian businessmen to European businessmen and African countries will open new windows for economic actors in Iran.
Iran's main rivals in the Middle East, such as Turkey, have been barred from entering the Syrian economy, so they cannot play a role in the Syrian economy. Egypt, which is one of Tehran's main competitors in the Syrian market, also does not have significant industrial potential and the quality of their products is low.
It can be noted that Iran's main economic and trade rival in the trade market is Syria; it is Russia, but goods produced in Russia are much more expensive than goods produced in Iran, and Russia is not able to compete with goods made in Iran to export to Damascus. Also, the geographical location of Syria and the access of Syrian businessmen to European businessmen and African countries will open new windows for economic actors in Iran.
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Goods imported into Syria are subject to customs duties based on valuation and tariff rates set by the Syrian Customs Authority. Import and export controls are enforced for national security, public health, and environmental protection, requiring compliance with licensing and permit regulations. The Harmonized System (HS) is used for customs classification, necessitating accurate tariff code usage by importers. Temporary importation is allowed under specific conditions, requiring guarantees for potential duties. Customs clearance involves documentation submission and payment of fees. Non-compliance can lead to penalties such as fines or legal consequences. Accurate customs declarations are essential, as the Syrian Customs Authority may verify declared values or use alternative methods if necessary. Syria participates in international trade agreements that may offer preferential treatment for certain goods.
Various entities, including foreign project companies and international organizations, can import goods under specific conditions, often requiring re-exportation after use. Tourists can bring personal vehicles temporarily without tax obligations. Factories can import raw materials tax-free if they export their products. The customs valuation process relies on transaction value but may involve audits and inspections to ensure compliance with laws and regulations.
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Syria"s geography is diverse, featuring coastal plains, mountain ranges, and deserts. The western coastal region is fertile and densely populated, with key cities like Latakia and Tartus. Inland, the Anti-Lebanon Mountains define the western border, while the Euphrates River and Lake Assad are significant water bodies. The country"s varied landscapes influence its agriculture and economic activities. Syria"s economy relies on industry, agriculture, trade, oil, and tourism but faces challenges due to high population growth and fluctuating oil prices. Trade liberalization through regional agreements may impact local industries as they adapt to increased competition. The capital city of Damascus is central to trade activities, while Aleppo serves as a major urban center. Overall, Syria"s geographical features play a crucial role in shaping its economic landscape.
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The Port of Latakia is Syria"s primary seaport, crucial for maritime trade, handling container shipping, general cargo, and bulk cargo. The Port of Tartus also plays a significant role, mainly dealing with bulk cargo like petroleum and agricultural products. Despite the ongoing civil conflict since 2011 impacting infrastructure, efforts are underway to enhance port facilities and restore trade connectivity. Historically, Syria was a vital transit point for goods between the Persian Gulf and Europe, with around 30,000 shipments annually before the conflict disrupted this flow. The Syrian Free Zones offer strategic advantages for commercial activities, including tax exemptions and infrastructure support. These zones are located in key areas such as Latakia and Damascus International Airport. Coastal shipping routes connect Syria"s cities, facilitating domestic trade alongside international operations. Ports are essential for importing and exporting various goods across Europe, Asia, and Africa.
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The Central Bank of Syria (CBS) oversees the country"s banking sector, ensuring compliance with monetary policies and regulations. Banks must obtain licenses from the CBS, which sets capital requirements and governance standards. Foreign exchange regulations are in place to manage currency flows and cross-border transactions. While foreign banks cannot establish branches in Syria, joint ventures with a majority Syrian ownership are permitted. The banking system is undergoing reforms to allow private banks to operate alongside state-owned institutions. Taxation in Syria includes corporate income tax rates ranging from 10% to 45% and payroll taxes between 5% and 12. 5%. Banks must maintain adequate capital levels and adhere to prudential regulations for stability.
Consumer protection measures are also included in banking laws, ensuring fair practices and transparency for customers. Additionally, banks are required to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, implementing customer due diligence and reporting suspicious activities. "
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Syria"s recent ban on Turkish imports has opened opportunities for Iranian exporters, particularly in sectors like energy, construction, medical equipment, and food industries. The reconstruction efforts in Syria present a significant market for Iranian goods, given the country"s large consumer base of 22 million people. With Iran"s competitive pricing and political influence in the region, Iranian products are well-positioned to meet the demands of the Syrian market. The absence of Turkish and Egyptian competition further enhances Iran"s prospects in Syria. Additionally, the geographical location of Syria allows access to European and African markets, creating further trade opportunities for Iranian businesses. Identifying new markets and facilitating exports will be crucial for economic development in both countries. The potential for technology transfer alongside exports can strengthen international trade relations and support industry growth.
