The Minister of Economy discusses with the European Union ways to improve the economic situation in Syria.

Minister of Economy and Industry of Syria, Dr. Mohammad Nidal Al-Shaar, met on Wednesday with the Director-General of the Middle East and North Africa and Gulf Directorate at the European Commission, Stefano Sannino, to discuss ways to improve the economic and investment situation in Syria, especially after its return to the international financial transfers program, which facilitates capital movement and funds investment projects. The meeting, the first after the lifting of European sanctions on Syria, marks the culmination of a series of technical and political dialogues that have led to long-awaited economic breakthroughs, contributing to rebuilding trust between the two sides and signaling a gradual shift in the regional economic landscape. Dr. Al-Shaar emphasized that Syria has entered a new economic phase today based on international partnerships and productive recovery, particularly as the lifting of sanctions opens the door wide for investment inflows and the return of European companies to operate in the Syrian market, especially in the industrial, energy, and infrastructure sectors. The Minister noted that the ministry is conducting a comprehensive review of the business environment to prepare it for investments, with the current priority being the rehabilitation of strategic idle factories, support for export industries, and reintegrating Syria into regional and international supply chains. Sannino expressed Brussels' readiness to provide technical and financial support to Syria in developing the private sector, modernizing industrial infrastructure, and facilitating Syrian products' access to European markets through preferential agreements.