As reported by the Department of Public Relations, Organization for Investment, Economic and technical Assistance of Iran, Akbari regarded expansion of regional cooperation between Iran and Syria as important and added: in this line the Governments of Iran, Iraq, Syria, Turkey and Lebanon are planning to enhance cooperation of the countries in the region.
Director General for the Office for Foreign Economic Relations continued by releasing the agreement of the two countries on establishment of a joint
Iran- Syria bank and added that Iran is ready to take the steps for the creation of a joint insurance company between Iranian insurance companies and Syrian ones in Damascus.
As reported by the Department of Public Relations, Moustafa Maani, the Syrian vice president of Syrian-Iranian Council of Commerce, expressing his appreciation for the reception and hospitality of Iranian side said: the political level of cooperation is at an appropriate level and it should be employed to develop mutual economic and trade relations.
The session continued by reference of Sheragim Shams, Deputy Director General for the Office for Foreign Investments, to the Law on Promotion and Protection of Foreign Investments, who explained to the Syrian investors some of the incentives of the law, including permission of currency transfer abroad, no limitation for foreign investors’ activity in different economic sectors in the country, and guaranteeing non-commercial risks of the foreign investors to name a few.
Deputy Director General for the Office for Foreign Investments, made a reference to the website of investment opportunities in Iran at: www.iio.ir added: there are some 600 projects, studied and ready for investment available at the website and the foreign investors can choose among the projects and Iranian partners for joint investment.
As reported by our correspondence, at the end of the meeting decision was made to exchange expert and trade delegations, execute scheduled plan for the development of mutual trade and economic relations, and prepare necessary infrastructure for transportation, insurance and banking aiming at bolstering bilateral ties.
Based on the report, Syria enjoys a strategic position in the Middle East, being located in the connecting point of Asia. Europe and Africa and among the industrialized Europe and oil-rich Middle East.
It should be noted that among the main exports of Iran to Syria are: cars and other motor- vehicles, pistachio, transformer, sending and receiving equipments, water taps, paraffin, color granules, metal structures, bulldozer and tire.