DAMASCUS- Director-General of the General Establishment for Free Zones Abdul-Hakim Qaddah on Sunday discussed with Chairman of the Iraqi Free Zones Commission Saleh al-Qaisi and the accompanying delegation the possibility of establishing two joint Syrian-Iraqi free trade zones in al-Ya'arubyia and al-Bukamal in Syria and in Rabia and al-Qaem in Iraq.
The two sides also discussed the means of facilitating the work at the joint free trade zones to increase the volume of trade exchange between the two countries and to introduce the businessmen and the investors on the available economic and investments capabilities and to develop them.
Clarifying the economic and investment regulations in force at the free trade zones, and highlighting the facilitations provided to the Arab and foreign investors through holding conferences, scientific and economic symposiums and benefiting from the experiences in this domain were also on the table.
Qaddah said that the meeting comes in implementation of what was agreed upon during the meetings of the ministerial committee which was held in Baghdad including the establishment of two joint free trade zones, in addition to overcoming the obstacles hindering the Arab and foreign investors from carrying out economic activities that would contribute to increasing the volume of trade exchange between Syria and Iraq.
He added that establishing joint free trade zones would contribute to increasing the flow of goods between the two countries and would enhance the operational capacity of the Syrian and Iraqi ports, in addition to decreasing the costs of goods.
He indicated that a third free trade zone can be established in al-Walid area in Iraq and in al-Tanf in Syria after studying the economic feasibility by both sides taking into consideration that the zone will be an Arab and international distribution center.
For his part, al-Qaisi stressed his country's desire to further enhance its economic relations with Syria, indicating that Syria has a great experience in the domain of free trade zones.