Türkiye and Syria: A New Era of Trade and Investment
The recent political changes in Syria have sparked optimism among Turkish exporters regarding the potential for a significant trade boom between Türkiye and Syria. Following the fall of the Assad regime and the gradual restoration of stability, expectations are high for enhanced economic relations that could bolster bilateral cooperation. The Southeastern Anatolia Exporters' Union has indicated that the upcoming phase is poised to be rich with unprecedented economic opportunities, fostering regional development and opening new avenues for exporters and investors in both nations.
Data from the union shows a remarkable increase in export volume from the region to Syria, which rose from approximately $224.3 million before the 2010 revolution to $594.5 million during the first 11 months of 2024. This growth reflects the optimism surrounding recent developments in Syria and their positive implications for regional exports.
Prospects for Turkish-Syrian Cooperation
Ahmet Fikret Kilci, head of the Southeastern Anatolia Exporters' Union, emphasized that the recent developments in Syria herald great prospects for both Turkish and Syrian peoples. He noted that the end of the conflict initiated by the ousted President Bashar al-Assad represents a crucial step towards enhancing security and unlocking new economic opportunities. Kilci pointed out that controlling troubled areas in northern Syria not only improves security but also provides significant potential for economic collaboration and development.
He highlighted the historical and social ties between Türkiye and Syria, particularly the longstanding commercial and industrial relations between the cities of Aleppo and Gaziantep. Kilci expressed Turkey's readiness to be a key economic partner in Syria's reconstruction, asserting that the industrial diversity in southeastern Anatolia can meet Syria's diverse needs.
Trade Exchange and Future Investments
The initial plan to strengthen trade relations aims to elevate Turkish exports to Syria beyond one billion dollars, with expectations for continued growth as economic relations evolve. Kilci noted that the return of Syrians to their homeland and their involvement in reconstruction efforts could further enhance bilateral cooperation and stimulate regional trade activity.
Celal Kadoglu, head of the Turkish Cereal, Legume and Oilseed Exporters Union, reported that their exports to Syria amounted to $250 million this year, with expectations to reach $600 million soon. He attributed the high demand for Turkish products in Syria to their quality and accessibility. Kadoglu also anticipates that the new Syria will attract substantial industrial and productive investments, with Turkish businessmen in cities like Hatay, Gaziantep, and Sanliurfa equipped to meet these emerging needs. He concluded that Turkey possesses the expertise and capabilities necessary to play a pivotal role in Syria's reconstruction efforts.
