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Turkey lifts Syria trade and transit restrictions in bid to boost trade


 

Turkey has lifted trade and transit restrictions on Syria at the countries’ border, the trade ministry said on Tuesday, progressing with plans to expand trade after the fall of Syrian leader Bashar al-Assad.

Goods exported or imported between the two neighbours or transited through Syrian border crossings will now be subject to the same conditions as those applied to other countries, the ministry said.

“The existing restriction lists on exports to and transit to Syria through the Turkish Customs Territory have been lifted,” Turkey’s trade ministry said.

Turkish firms have big expansion plans for Syria and expect a jump in trade since Assad’s ousting by rebels friendly toward Ankara.

Turkey and Syria’s new administration have agreed to re-evaluate customs tariffs for certain products and start talks to re-enact a free trade agreement suspended in 2011.

(Source: Reuters)


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