Syria‘s Federation of Chambers of Commerce and the Syrian-Chinese Business Council signed a memorandum of understanding (MoU) on Monday to expand trade and investment cooperation between the two countries, as Damascus seeks to strengthen economic ties with Beijing.
Syria, China business groups sign MoU to boost trade and investment
DAMASCUS, Jul 20 (SANA/APP): Syria‘s Federation of Chambers of Commerce and the Syrian-Chinese Business Council signed a memorandum of understanding (MoU) on Monday to expand trade and investment cooperation between the two countries, as Damascus seeks to strengthen economic ties with Beijing.
The agreement, signed by Federation President Alaa al-Ali on the sidelines of the Syria International Textile Exhibition (NASTEX 2026), outlines cooperation in trade and investment, business networking and technology exchange.
According to the Federation of Chambers of Commerce, the MoU also provides for organizing bilateral business forums and conferences, exchanging economic information, supporting partnerships in priority sectors, promoting training programs and preparing sector-specific studies.
The agreement comes as Syria steps up efforts to attract foreign investment and deepen economic cooperation with international partners following years of conflict.
NASTEX 2026, which opened on Saturday under the patronage of President Ahmad al-Sharaa, has brought together government officials, international delegations, textile manufacturers and business leaders to showcase opportunities in Syria’s textile and manufacturing industries.
