Iran, Syria close to free trade agreement

Media Line, New York


By The Media Line Staff on Tuesday, February 21, 2006

Syrian Minister of Economy and Trade Dr. ’Amir Lutfi, and Iran’s Minister of Housing and Cities’ Construction Muhammad Said Kya met on Sunday to discuss issues connected with the Free Trade Zone agreement and the agreement of Differential Trade, reports the official Syrian news agency SANA.

In a statement to the Syrian daily A-Thawra, published Monday, Lutfi pointed out that “rates of trade exchange between Syria and Iran are witnessing a steady increase... This is a positive indication on the improvement of the trade and economic relations between the two countries.”

Lutfi also indicated that the meeting came in the framework of preparations for the Joint Syrian-Iranian Higher Committee meetings, scheduled to be held in Damascus next Wednesday.

“The Differential Trade agreement constitutes a primary work to achieve the free trade zone,” Lutfi asserted.

For his part, Kya called for benefiting from experts and experiences in the two countries in all fields, stressing that "the economic cooperation between Syria and Iran is witnessing a big development."

source : Media Line

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