Syrian Minister of Economy: New plans to build the economy of "New Syria."
In an exclusive interview with the "Syrian Arab News Agency (SANA)," Minister of Economy and Industry Dr. Mohammad Nidal Al-Shaar revealed the government's directions for reforming the Syrian economy after years of "chaos and corruption" during the rule of the former regime, emphasizing its efforts to build a new economic model that takes into account local and international challenges.
Disintegrated Random Economy... Reform Starting from the Foundation
The former Syrian economy was described by the minister as "random, fragmented based on the interests of some corrupt individuals, and therefore lacked a clear identity," posing significant challenges for the government and the people. He explained that solutions require "developing realistic economic plans in which the people participate in decision-making."
He added that work is underway to shape a new economic model that "suits the new Syria," described as a "free market economy," but within regulations that protect the people's interests and consider the international situation.
Sanctions... Burden on the People and Positive Signals for Easing
The minister pointed out that the "unjust and unfair sanctions" imposed on the previous regime continue to burden the people, expressing understanding from some countries like the European Union and the United States towards the new reality, receiving positive signals regarding recent sanctions reduction.
He highlighted that Syria's return to the global banking system (SWIFT) will create a "qualitative leap" in the economy by attracting investments and facilitating money flow.
Reforming the Public Sector and Supporting Small Projects
The minister revealed the completion of evaluating dozens of facilities and companies belonging to the public sector, stating that some of them "need development," while others "are hopeless and were in favor of the corrupt." He confirmed that the reform plan includes leasing, selling, or investing in these facilities through mechanisms like "BOT" and "BBT," while preserving skilled labor.
He also emphasized the importance of medium and small projects as a "cornerstone of the economy," criticizing their previous neglect and stating that the current circumstances require starting with small projects as a "nucleus for larger projects."
Shadow Economy... Reforming Systems to Limit its Spread
The minister linked the spread of the shadow economy to the presence of "loopholes in economic systems and unfair laws," affirming that "a fair economic system and clear monetary policy" will gradually eliminate it. He criticized past practices that led to "exchange rate manipulation and corruption spread."
Ministries Integration... Step to End Contradictions
He explained that the integration of the ministries of industry, economy, and internal trade aims to stop "contradictions in decisions," indicating that unification will achieve economic integration and end policy conflicts.
Business Councils and Advisors... Mechanisms to Support Decision-Making
The minister announced the government's intention to establish Syrian business councils in sister countries and the United States to enhance marketing presence, also emphasizing the importance of advisors in studying projects before approval.
Imported Products... New Regulations to Protect Local Industry
The entry of foreign products into the market was considered "natural" after border
