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Syrian Arab News Agency (SANA) > Latest News > Economy > Al-Shaar: Caesar Act Repeal Marks a Start for Syria’s Economic Recovery

Al-Shaar: Caesar Act Repeal Marks a Start for Syria’s Economic Recovery

3 months ago
Al-Shaar: Caesar Act Repeal Marks a Start for Syria's Economic Recovery

Minister of Economy and Industry Mohammad Nidal al-Shaar commended the U.S. Senate’s approval of the repeal of the Caesar Act, describing it as a historic moment and the start of a new phase of economic recovery in Syria after years of restrictions and isolation.

Al-Shaar noted in a statement to SANA that the decision came as a result of a comprehensive national effort and close coordination between state institutions and partners abroad to “reopen the doors to production, investment, and trade.”

He highlighted that Syria is entering “a new economic era, whose main theme is work, openness, and responsibility.”

The Economy Minister said that Syria today has a real opportunity for a comprehensive industrial and economic renaissance to “restore the private sector’s role, revitalize productive infrastructure, and provide broad job opportunities.”

He pointed out that success in this endeavor requires “sound management, transparency, and discipline in the face of any attempt to obstruct this process.”

Nisreen / Abdull

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TAGGED:Caesar ActMinister of Economy and Industry Mohammad Nidal al-ShaarSyria
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