RIYADH: Turkiye and Syria have agreed to establish a joint business council to foster economic collaboration and facilitate trade and investment between the two countries.
The new platform will operate under the Foreign Economic Relations Board of Turkiye and aims to strengthen cooperation between public and private sectors, focusing on rebuilding economic ties and supporting Syria’s reconstruction efforts, the Syrian Arab News Agency, also known as SANA, reported.
The establishment of the council comes on the heels of growing economic cooperation between Turkiye and Syria. Recently, both countries signed a memorandum enabling direct international road transport, eliminating the need for cargo transshipment at the border.
This move is expected to streamline trade routes and integrate Syria into regional logistics corridors via the Middle Corridor toward Gulf states. Additionally, as of Aug. 2, Turkiye began supplying Syria with 2 billion cubic meters of natural gas and 1,000 megawatts of electricity, with Azerbaijan and Qatar as partners.
“In a joint statement issued in Ankara, the two sides affirmed that the Foreign Economic Relations Board will contribute to strengthening cooperation between the public and private sectors of the two countries,” SANA reported, adding: “They will also work to strengthen Syrian customs gates and their infrastructure, improve procedures at customs gates, and enhance cooperation between the two countries’ customs authorities.”
