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- October 13, 202617°
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- October 13, 202617°
Joint Framework Established for Turkey-Syria Business Councils in Damascus
At a promotional event in Damascus, the Institutional Framework Agreement for the Syria Joint Business Councils was presented to the public. Turkey's Ambassador to Damascus, Nuh Yılmaz, stated that with the reduction of security issues, economic matters have come to the forefront and the business community has become more influential in bilateral relations.
In Damascus, the capital of Syria, a promotional event was held for the Institutional Framework Agreement of the Syria Joint Business Councils, aimed at strengthening the country's economic structure. The event, held at the Damascus Conference Palace, was attended by Syria's Minister of Economy and Industry Nidal al-Shaar, Turkey's Ambassador to Damascus Nuh Yılmaz, ambassadors from Lebanon, France, and Italy, as well as numerous businesspeople.
Minister al-Shaar: Business Councils Will Serve as Economic Bridges At the opening of the program, Minister al-Shaar described the initiative as an important institutional step. He emphasized that the joint business councils will play a significant role in enhancing trade and economic relations between Syria and regional countries.
Highlighting that business councils are effective tools for increasing economic cooperation, al-Shaar stressed that economic recovery is possible through strong collaboration between the government and the private sector.
He noted that the agreement marks an important phase in organizing Syria's external economic relations into a more structured and institutional framework, and that strengthening the private sector's role in development will contribute to the national economy.
Yılmaz: Economy Comes to the Fore After Security Turkey's Ambassador to Damascus, Nuh Yılmaz, remarked that with improvements in security and the lifting of sanctions in Syria, economic issues have gained prominence.
Recalling that when he started his post about five and a half months ago, the country's main problems were security and sanctions, Yılmaz said that today security issues are largely under control. "With the lifting of sanctions and security challenges becoming manageable, economic problems have increasingly come to the forefront," he said.
Yılmaz added that the Syrian administration views economic recovery as a priority and that efforts to strengthen the private sector have accelerated.
Joint Framework Created for Business Councils Yılmaz emphasized the important role business councils play in this process and said that the launch event established a structure that brings together business councils formed with different countries under common principles.
"This represents a significant step toward outlining the country's economic future, defining how the relationship between the government and private sector will be shaped, and determining the guiding principles," he said. Turkey-Syria Business Council Was the First Yılmaz recalled that the first business council established in Syria was the Turkey-Syria Business Council, with Turkey leading the process.
He noted that as of today, nearly 20 business councils are active and have been brought together under a common umbrella. Economic Issues Are Now Top Priority Following improvements in security, economic matters have become the primary concern of the public, Yılmaz said, pointing to major challenges such as energy, infrastructure, unemployment, and the shortage of skilled labor in the country.
He stressed the need for a strong private sector to achieve economic recovery and noted that restoring the financial system is also among the priorities.
Yılmaz stated that Turkey continues its efforts to enhance economic relations between the two countries and to enable the Turkish business community to better benefit from opportunities in Syria. He said that changes are beginning to be felt on the ground and that the economic recovery process has started.
He added that work will continue to ensure that economic relations between Turkey and Syria progress on a stronger and more sustainable foundation.
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