News   /   Economy   /   Business

Syrian delegation in Iran for trade talks

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)

Iran and Syria have signed at least 18 trade deals to further facilitate mutual economic relations and cope with challenges created by the US sanctions on the Islamic Republic, said head of a Syrian trade delegation visiting Tehran.

Mahmoud Naser al-Fotouh added the Syrian delegation has already held a number of meetings with various Iranian officials to discuss ways to expand mutual economic ties amid the US sanctions.

In a Monday meeting with members of Iran Chamber of Cooperative, Al-Fotouh also expressed hope that Iran and Syria elevate their economic relations as high as their current political ties.

Elsewhere, he underlined that Syria will give Iran high priority in the reconstruction era of the Arab country.

“Given self-sacrifices made by Iranians during our fight against terrorist groups over the past years, we will attach significant importance to Iran as a partner in Syria's reconstruction projects,” he noted.

Al-Fotouh also described trade ties between Iran and Syria as strategic and said Syria invites all Iranian public and private firms to visit Syria and launch new reconstruction projects.

Some estimates say Syria needs $250 billion to $400 billion to rebuild after years of an all-out foreign-sponsored militancy. Iranian officials have repeatedly voiced the Islamic Republic's readiness to help Syria with the reconstruction of the war-ravaged country.

In early October, Iran signed an agreement to build a 540-megawatt (MW) gas fired power plant in Syria’s coastal city of Latakia.

One month later, Syria’s Minister of Economy and Foreign Trade led a delegation to Tehran to discuss ways how to improve bilateral ties. The talks mainly focused on Iran’s potential to have a greater share in the reconstruction of Syria.

At the request of Damascus, Iran also provided military advisory assistance to the Syrian government forces in its fight against foreign-backed Takfiri terrorists.

Press TV’s website can also be accessed at the following alternate addresses:

Press TV News Roku