Finance Minister Discusses Economic Cooperation with Turkish Delegation
Syrian Minister of Finance, Mohammad Yassar Bernieh, held an extensive meeting in Damascus with a delegation from the Turkish-Syrian Business Council, part of the Foreign Economic Relations Board of Turkey (DEİK), led by Mahsum Altunkaya. The discussions focused on mechanisms to expand joint economic and investment cooperation to support Syria’s economic recovery and revitalize trade between the two nations.
The meeting included a 29-member delegation representing a diverse range of economic sectors. The two sides reviewed several key issues, most notably the financing of major projects, the provision of necessary guarantees, and the development of tax incentives to attract investors. The Ministry of Finance also presented the legislative and tax reforms currently being implemented, alongside ongoing digital transformation efforts in financial services, aimed at creating a more transparent and equitable business environment.
During the meeting, Minister Bernieh emphasized the need to align economic and trade cooperation with the recent developments in diplomatic relations between Syria and Turkey. He underscored the importance of updating the financial environment to increase the attractiveness of the Syrian market. Furthermore, he called for a re-evaluation of risk ratings associated with Syria to reflect current economic reforms, which would facilitate joint financial and commercial transactions.
The discussions also touched upon efforts to develop capital markets and the insurance sector, as well as restructuring the mortgage financing system. The goal is to establish long-term financing solutions that support economic activity and meet market demands. The Turkish delegation expressed clear interest in the investment opportunities available in Syria, and both sides reviewed the legal and legislative frameworks governing investments.
The Turkish delegation also conducted a series of parallel meetings in Damascus, including discussions with the Ministry of Industry, the Ministry of Internal Trade and Consumer Protection, and the Federation of Syrian Chambers of Commerce. These meetings aimed to explore potential strategic partnerships and joint ventures across various productive and commercial sectors, reflecting a trend toward strengthening bilateral economic ties.
Source: Syria Focus Arabic
