Syria starts works on free-trade zone with Iraq


MENAFN - 31/05/2006

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(MENAFN) Syria announced that it has started works on a border free-trade zone between Syria and Iraq, Azzaman reported.

According to Syrian officials, the cost for the construction of facilities in the zone is expected to reach $20 million.

The 60,000 square meter zone signals improved trade ties despite strained political relations.

The zone will be the largest for Syria with a neighboring country.

Syrian officials said it will drastically improve conditions at the poorly developed eastern parts of the country.

But relations improved by the end of 1998 when the countries put their ideological differences aside and concentrated on boosting bilateral trade.

At the present, Syria is a main gateway for Iraq's trade and Iraqi nationals willing to leave the country amid spiraling violence.

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