
Syria and Turkey to reevaluate tariffs and restart free trade agreement talks
Syria and Turkey have decided to reassess their current customs tariffs and begin talks to revive their Free Trade Agreement (FTA), signaling a potential shift toward strengthening bilateral economic relations. The two countries have faced political tensions over the years, but this new development suggests a growing willingness to move past these challenges and focus on mutually beneficial trade.
The decision to revisit the FTA comes as both governments aim to reduce trade barriers and increase the flow of goods between their borders. Specifically, they plan to reassess tariffs, which could lead to lower costs for businesses and consumers in both countries. The FTA talks are expected to cover a broad range of sectors, including agriculture, textiles, and manufacturing, which have been key areas of trade between Syria and Turkey in the past.
This move reflects a broader trend of diplomatic thawing and economic cooperation, as both nations look to revive and strengthen their economies, particularly in the wake of regional conflicts and financial struggles. Turkey, which has historically been one of Syria’s main trading partners, sees this initiative as a step toward stabilizing its position in the Middle East, while Syria aims to rebuild its war-torn economy.
Officials from both countries have expressed optimism that restarting the FTA discussions could bring about significant benefits, not only for Syria and Turkey but for the broader region as well. If successful, this agreement could serve as a model for future trade deals across the Middle East.