The Syrian-Iraqi Business Council was launched on Saturday with the aim of supporting and enhancing the economic relations and increasing the volume of trade and investment between the two countries.
SANA also reports that the Council also aims to introduce businessmen and investors to the economic and investment opportunities available in Syria and Iraq, in addition to exchanging expertise and keeping up with the latest scientific and technological developments.
New markets for Syrian and Iraqi products will be opened in the framework of the Council.
The Council will also work on promoting bilateral trade relations and cooperation in investment and the exchange of information to improve the investment environment in both countries.
Syria’s Minister of Economy and Trade, Lamia Assi, stressed that Iraq was the first commercial partner of Syria in 2008 as the trade between the two countries hit $3 billion.
The minister pointed out that the legal framework of the bilateral relations has been completed within the provisions of the Greater Arab Free Trade Area (GAFTA) and the agreements regulating the bilateral cooperation.