Iran has opened its first trade center in Syria amid efforts to boost economic exchanges between the two allied countries.
The centrer was opened in the Free Zone of the capital Damascus on Tuesday in a ceremony attended by visiting Iranian trade minister Seyyed Reza Fatemi Amin, according to a report by Syria’s official SANA agency.
The report said that the Iranian trade center will host offices of major Iranian trade and manufacturing companies, including those active in agriculture and construction activities.
Keyvan Kashfi, a businessman watching over private sector trade between Iran and Syria, told Iran’s IRNA agency that the center will help boost the presence of Iranian companies in Syria at a time the Arab country is seeking increased foreign investment to emerge from nearly a decade of terrorism and war.
Iran has declared its full support for Syria’s reconstruction efforts. Fatemi Amin, who also heads Iranian government’s departments on mines and industries, reiterated the pledge on Tuesday as he visited a number of factories closed by the war in the Adra region on the outskirts of Damascus.
The minister said Iran will be ready to help Syria rebuild its manufacturing sector, especially the once-booming textile industry in the Arab country.
On the third and final day of his trip to Syria, Fatemi Amin also held a key meeting with Syrian Prime Minister Hussein Arnous on Tuesday while he also opened a second trade fair dedicated to the Iranian companies in Syria.
The minister was set to finalize a free trade agreement between Iran and Syria during his visit to Damascus. There was no mention of the deal in reports in the Iranian or Syrian media outlets about the trip.