Navigating the Barriers: Syria-Iraq Trade Relationship Stalled by Politics
Syria aims to revive its trade with Iraq but encounters political hesitations from Baghdad. Despite fulfilling border security protocols, Iraq remains reluctant to reopen trade routes, citing the need for Syrian political stability. Limited unofficial trade persists, though significant hurdles such as banking restrictions and security concerns hinder large-scale economic cooperation.
Efforts to revive Syria’s trade with Iraq face significant political obstacles, leaving businesses frustrated. While Syria has completed necessary border security and customs arrangements, Iraq remains hesitant to reopen border crossings for trade. Ibrahim Shalash, of the Syria-Iraq Business Council, indicated that despite readiness in Syria’s Al-Bukamal region, Iraq has yet to facilitate the entry of trucks, waiting for political assurances and stability in Syria.
In conclusion, while Syria seeks to restore its vital trade relationship with Iraq, political hesitations and security concerns impede progress. Limited unofficial exchanges continue but are insufficient to reclaim former trade volumes. The lack of banking cooperation and formal agreements further complicates the situation, leaving both nations at a standstill amidst economic potential.
Original Source: shafaq.com
