Syria after the war: German business sees opportunities in trade!

Syria after the war: German business sees opportunities in trade!

Trade relations between Germany and Syria could experience a comeback, despite the difficult situation in the civil war country. Before the conflict, Germany was an important trading center for Syria, importing machinery, vehicles and chemical products in exchange for crude oil and agricultural products. This perspective was supported by the statements of the head of foreign trade at the German Chamber of Commerce and Industry, Treier, who described the current status of German exports to Syria as worrying, at just 35 million euros this year Deutschlandfunk reported.

Syria, a country in the heart of the Middle East, is facing not only political upheaval but also drastic challenges to its economy. The absence of stable trade volumes has contributed to the peak strain on the Syrian economy, which is struggling with high inflation rates and rising unemployment. Loud BIHK Before the Civil War, the economy was diversified, based on agriculture, petroleum and services. However, the ongoing conflict has led to a drastic decline in production capacity and a costly loss of infrastructure.

Current challenges and perspectives

Before the sanctions and the political crisis, Germany played a crucial role in the Syrian trade structure. The supply of machinery and chemical products was of great importance, while in return Syrian agricultural and crude oil products flowed to Germany. Currently, however, Russia, Iran and China dominate the trading landscape in Syria, while European participation is significantly limited. The political tensions and associated uncertainties prevent smooth international trade, which is central to Syria's urgently needed reconstruction and economic stability BIHK highlights.