Syria, Iraq Sign Trade Cooperation Memorandum

The heads of the Syrian and Iraqi chambers of commerce federations, Alaa al-Ali and Amer al-Fahdawi, signed a memorandum of understanding to strengthen joint trade and investment cooperation between the two countries. The signing took place as part of the 63rd Damascus International Fair.

Signing Ceremony

The memorandum was signed at the pavilion of the Syrian Federation of Chambers of Commerce, in the presence of Iraq's charge d'affaires in Damascus, Jubair Shallal Akkab, alongside representatives from both sides and Syrian and Iraqi economic and trade figures.

Objectives of the Memorandum

The agreement sets out a number of shared goals for the business communities of both countries, including:

• Activating trade exchange between the two countries
• Strengthening direct communication between business communities
• Encouraging joint investments and partnerships
• Broadening economic cooperation and consolidating the two countries' standing as trade and economic partners

Damascus International Fair

The 63rd edition of the Damascus International Fair opened under the slogan (Syria Rises Again) at the Damascus Fairground, and runs until September 4, with participation from around 1,000 entities.