Syria, China aim to boost two-way trade

Published October 22nd, 2000 - 02:00 GMT

Syria and China decided to boost two-way trade during a visit here Saturday by a Chinese economic delegation, the official news agency SANA reported. The Chinese announced in talks with Syria's deputy economic and foreign trade minister, Fuad Sayyed, that a six-million-dollar loan would soon be granted to Damascus for economic and technical assistance. 

 

The aid will be handed over during a forthcoming visit to China by the Syrian deputy prime minister in charge of services, Naji Otri, a Chinese diplomatic source told AFP. He said the two countries at their talks, led on the Chinese side by a senior foreign trade ministry official, also decided to promote exchanges of visits by business delegations. 

 

Two-way trade, worth around $200 million in 1999, is tipped in favor of China, notably exports of its electronic goods. Chinese companies are involved in two key projects in Syria — the construction of a cotton mill in Jableh on the coast and a hydroelectric plant in the Ghuta region near the capital. — (AFP, Damascus) 

 

© Agence France Presse 2000

© 2000 Mena Report (www.menareport.com)

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