Economy

High-profile Syrian economic delegation in Tehran


A Syrian economic delegation, including high-ranking officials headed by Deputy Prime Minister Omar Ghalawanji left Damascus for Tehran on Tuesday to talk with Iran on broadening bilateral ties.

The 15-member delegation includes the minister of oil and mineral resources, the minister of energy, the minister of health, the minister of housing, and the central bank governor, according to the IRNA News Agency.

On April 28, Iran and Syria started to implement their free trade agreement, Iranian Industry, Mine and Trade Minister Mehdi Ghazanfari said.

Ghazanfari added that the deal would boost bilateral trade to $2 billion from around $700 million, the IRNA News Agency reported.

In February, Syria and Iran signed a deal to remove customs charges for all trade between the two states.

The two sides have agreed to boost their annual trade to $5 billion in near future.

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