Rus­sia-Syria Trade Turnover Up 42%


SOCHI (TASS) - The trade turnover be­tween Rus­sia and Syria soared 42% in seven months of 2017 year-on-year to $192.8m, Rus­sia’s Deputy Prime Min­is­ter Dmitry Ro­gozin said at the 10th meet­ing of the per­ma­nent Rus­sian-Syr­ian com­mis­sion on trade, eco­nomic, sci­en­tific and tech­ni­cal co­op­er­a­tion on Tues­day.

“The trade turnover be­tween Rus­sia and Syria in­creased al­most 42% in Jan­uary-July of 2017 com­pared with the same pe­riod last year to $192.8m, par­tic­u­larly, ex­ports (from Rus­sia) soared by more than 50% to $191m,” he said.

Ac­cord­ing to Ro­gozin, Syria’s ex­ports only amount to around $2m. “This is mainly re­lated to the lack of nec­es­sary in­fras­truc­ture for ex­ports and com­mis­sion­ing of lo­cal agri­cul­ture pro­duce, which makes it eco­nom­i­cally un­vi­able to sup­ply Syr­ian veg­eta­bles and fruits,” he said, adding that the plan is to cre­ate a closed loop to grow, pack, store and ex­port Syria-made veg­eta­bles and fruits to Rus­sia in the near fu­ture.

Ro­gozin ex­pects that Rus­sian busi­ness will play an ac­tive role in eco­nomic re­cov­ery of Syria.

“We are now stat­ing that time comes for eco­nomic restora­tion and ex­pect that Rus­sia’s busi­ness will take a most ac­tive part in this process,” the deputy prime min­is­ter said.

Rus­sia and Syria will launch a di­rect ship­ping line, ac­cord­ing to Ro­gozin. “Di­rect ship­ping line be­tween Rus­sian and Syr­ian ports is be­ing cre­ated in par­al­lel,” Ro­gozin said. The agri­cul­tural goods are trans­ported by the Oboron­l­o­gis­tika com­pany, which is “in­ter­ested in ex­tend­ing the ser­vices,” he said.

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