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

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

Syrien, Naher Osten - The trade relationships 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, which imported machines, vehicles and chemical products and provided crude oil and agricultural products in exchange. This perspective was underpinned by the statements of the foreign management chief of the German Chamber of Commerce and Industry, Treier, which described the current status of German exports to Syria with only 35 million euros this year, as Deutschlandfunk reported.

Syria, a country in the heart of the Middle East, is not only confronted with political upheavals, but also with drastic challenges in its economy. The absence of a stable trade volume has contributed to the top burden on the Syrian economy, which is fighting with high inflation rates and increasing unemployment. According to Bihk , the economy was diversified before the civil war, based on agriculture, oil and services. However, the ongoing conflict has led to a drastic decline in production capacities and a costly loss of infrastructure.

Current challenges and perspectives

Germany played a crucial role in the Syrian trade structure before the sanctions and the political crisis. The delivery of machines and chemical products was of great importance, while in return, Syrian agricultural and crude oil products flowed to Germany. However, Russia, Iran and China are currently dominating the trade landscape in Syria, while European participation is considerably limited. The political tensions and the associated uncertainties prevent a smooth international trade, which is of central importance for the urgently needed reconstruction and the economic stability of Syria, as the bihk emphasizes.