Ibrahim Fuat Ozcorekci, head of the Türkiye-Syria Business Council, believes Türkiye has the potential to reach a $10 billion bilateral trade volume with Syria in the short and medium term. He highlights Türkiye's strategic position as a natural partner for Syria, particularly in the post-Assad era. The trade volume has already increased significantly from $250-$300 million before the Syrian civil war to $2.5 billion by 2024. Ozcorekci emphasizes the role of Turkish cities in the southeast, which provide a logistical advantage for trade with Syria due to their proximity to the border.
Turkish cities in country's southeast provide logistical advantage in trading with Syria, as Türkiye to play key role in reconstruction, says sector representative.The main Turkish exports to Syria are iron and steel, plastics, household goods, construction materials, and food products, while Syria’s main exports to Türkiye are cotton, olive oil, and sunflower oil.
Ozcorekci said Türkiye is a “natural partner” for neighbouring Syria in the region, adding that the trade volume between the two countries has risen from $250 million-$300 million before 2011 to $2.5 billion by 2024. He noted that trade institutions need to be established in Syria and that the Turkish Foreign Economic Relations Board is working to boost trade with the help of the Syrian business community in Türkiye. Millions of Syrians sought refuge in Türkiye during the long civil war and some started successful businesses.
TRADE SYRIA TURKEY RECONSTRUCTION LOGISTICS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The world’s best chamber music bargain, $10 a ticket, arrives TuesdayThe Philadelphia Chamber Music Society offer covers nine concerts.
Read more »
Shake Shack Has Free Burgers Every Day Through Christmas EveShake Shack customers have nine opportunities to snag a free burger with any $10 minimum purchase
Read more »
Barth Hotel Assisted Living to Close After Over 40 Years in Downtown DenverOwnership says the 142-year-old building needs up to $10 million in repairs and improvements.
Read more »
This $10 Million Aspen Ranch Has Stunning Mountain Views, Even From the SaunaA Colorado property, known as the Noble Ranch, lists for $10 million with a main residence, guest house, and luxe outdoor spa. Here's a look inside.
Read more »
10 Winter Fashion Essentials Amazon Shoppers’ Have on Their Holiday Wishlist, From $10I rounded up 10 of the top most wished-for items from Amazon shoppers, and picks included best-selling fleece-lined leggings, loungewear, slippers, and more, starting at $10.
Read more »
Databricks Valued at $62 Billion in $10 Billion Funding RoundDatabricks, a leading provider of data analytics and AI software, announced a $10 billion funding round that values the company at $62 billion. The funding will enable Databricks to provide liquidity to employees, make acquisitions, and expand globally.
Read more »