share
 

Syrian businesses eye global market via debut trade expo

0 Comment(s)Print E-mail Xinhua, September 5, 2024
Adjust font size:

DAMASCUS, Sept. 5 (Xinhua) -- Syrian business representatives and industry insiders view the country's first international trade expo as a significant opportunity for local businesses to enter global markets.

Expo Syria 2024, which opened Wednesday at Exhibition City near Damascus, has drawn over 600 companies from various sectors and attracted more than 3,000 foreign traders and business figures.

Raed Al-Nouri of Syria's Al-Nouri Food Company told Xinhua that the five-day expo is "a great opportunity for Syria's recovery, especially in expanding exports to neighboring countries."

Ridwan Debs Wlaban, media director at Columbus Company, expressed confidence in the competitiveness of Syrian goods in international markets, citing their "quality, variety, and competitive pricing."

"This expo is a gateway to new markets, with Aleppo alone representing more than 50 percent of textile industry participants, along with significant involvement in the chemical, engineering, and food sectors," Mustafa Kawaya, vice president of the Aleppo Chamber of Industry, told Xinhua.

However, some participants expressed concerns about the impact of Western sanctions on Syrian businesses. Eyad Mohammed, head of the Export Committee at the Syrian Federation of Agricultural Chambers, noted that Syria's annual export revenue has plummeted from 8 billion U.S. dollars to 1 billion dollars due to sanctions.

"Sanctions affect transportation, banking transfers, and the cost of production components, making it harder for Syrian products to compete in global markets," he said. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter