India-Syria Agree to Raise Bilateral Trade, India and Syria Bilateral Trade, India and Syria Agreed to Rise Bilateral Trade

Anand Sharma and the Syrian Minister Lamia Mari Aasi

Minister for Commerce and Industry, Anand Sharma, meeting with the Syrian Minister of Economy and Trade, Lamia Mari Aasi, in Syria.

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SME Times News Bureau | 12 Jun, 2010
Anand Sharma, Union Minister of Commerce & Industry, has announced that India and Syria have agreed to make concerted efforts to raise the bilateral trade to a level commensurate with the potential of the two countries.

The minister stated this during the Second Session of the India-Syria Joint Commission Meeting (JCM) in Damascus on 10 June.

Anand Sharma, Union Minister of Commerce & Industry and Lamia Marai Aasi, Minister for Economy & Trade of the Syrian Arab Republic, co-chaired the Session.

Sharma was accompanied by a business delegation from Confederation of India Industry (CII) including captains of industry and major companies.

During the Joint Commission meeting, âMemorandum of Understandings on Trade Facilitation & Process Measures;â Agreement on âExemption of visa requirement for holders of Diplomatic & Official Passports;â and an MOU between Federation of Syrian Chambers of Industry, HOMS, and Confederation of Indian Industry were signed. .

Both sides also agreed to enhance cooperation in various sectors like IT, oil and natural gas, phosphatic fertilizers, pharmaceuticals, automobiles, processed food products, agricultural machinery, marine transport, and small and medium enterprises for mutual benefit.

Leaders of both the delegations underscored the need for greater interaction between the business communities of the two countries and it was decided that both the countries would continue to encourage exchange of visits of delegations and participate in fairs, exhibitions and buyer-seller meets.

Anand Sharma said that the two countries also shared common views on most of the multilateral issues. Both the sides also expressed their keenness to cooperate on all matters of mutual interest.

Sharma also called on the Prime Minister of Syrian Arab Republic, H.E. Eng. Mohd. Naji Otri and the Deputy Prime Minister for Economic Affairs Dr. Abdullah Dardari.