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Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study

Deepening Trade Reforms in Syria for Improving Competitiveness and Promoting Non-Oil Exports

ACCOUNTING ATM CARDS AUDITS BALANCE OF PAYMENTS BALANCE SHEETS BANKING SECTOR BANKING SECTOR ASSETS BARRIER BILATERAL FREE TRADE AGREEMENT BILATERAL NEGOTIATIONS BOND BONDED WAREHOUSES BRANCH NETWORKS CAPACITY BUILDING COMMERCIAL BANKS COMPETITIVENESS COMPETITIVENESS INDEX CONFLICT OF INTEREST CREDIBILITY CREDIT INFORMATION CREDIT INFORMATION SYSTEM CUSTOMS CUSTOMS ADMINISTRATION CUSTOMS PROCEDURES DEPOSITS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT STRATEGY DISCLOSURE REQUIREMENTS DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC MARKET DOMESTIC TAXES DUTY DRAWBACK ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION ECONOMIC SECTORS EPZ EQUIPMENT EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXPORT BASE EXPORT CREDIT EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT INCENTIVE EXPORT INCENTIVES EXPORT MARKET EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT ORIENTATION EXPORT PERFORMANCE EXPORT PROCESSING EXPORT PROCESSING ZONES EXPORT PRODUCTS EXPORT SUBSIDIES EXPORT SUBSIDY EXPORT SUPPORT EXPORTERS EXPORTS FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL SECTOR FINANCIAL SECTOR INFRASTRUCTURE FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FISCAL DEFICITS FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTMENT FOREIGN MARKETS FOREIGN OWNERSHIP FOREIGN TRADE FOREIGN TRADE POLICY FREE IMPORTS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA FREE TRADE ZONE FREE ZONE FREE ZONES GDP GLOBAL COMPETITIVENESS GLOBAL ECONOMY GOVERNMENT CAPACITY GOVERNMENT FINANCES GROWTH RATE GUARANTEE FUND HOME COUNTRIES IMPACT OF TRADE IMPORT DUTIES IMPORT LICENSES IMPORT PROTECTION IMPORT REGIME IMPORT TARIFFS IMPORTS INCOME INCOME TAX INEFFICIENCY INSTITUTIONAL CAPACITY INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT BANKS LEGAL FRAMEWORK LIBERALIZATION LIQUIDITY LOAN LOAN GUARANTEE LOCAL CURRENCY LOCAL MARKET MARKET ACCESS MONOPOLY MORAL HAZARD MOST FAVORED NATION NATIONAL ECONOMY NEW MARKETS NEW PRODUCTS NON-TARIFF BARRIERS OUTPUT OVERVALUATION OWNERSHIP STRUCTURE PAYMENTS SYSTEM PERFORMANCE MEASURES PRICE OF IMPORTS PRIVATE BANKS PRIVATE SECTOR DEVELOPMENT PUBLIC BANKS PUBLIC COMPANIES REAL EXCHANGE RATE REFORM PROGRAM REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY SYSTEM REPUTATION RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RULES OF ORIGIN SAFETY STANDARDS SAVINGS SHOPS TARIFF BARRIERS TARIFF REFORM TAX TAX EXEMPTION TAX EXEMPTIONS TECHNICAL ASSISTANCE TOURISM TRACK RECORD TRADE ACTION TRADE ADJUSTMENT TRADE AGREEMENTS TRADE AREA AGREEMENT TRADE FACILITATION TRADE FINANCE TRADE FLOWS TRADE ISSUES TRADE POLICIES TRADE POLICY TRADE POLICY ANALYSIS TRADE POLICY FORMULATION TRADE POLICY REFORMS TRADE REFORM TRADE REFORMS TRADE REGIME TRADING TRANSPARENCY TREASURY USE OF CHECKS VALUATION VALUATION SYSTEM WAREHOUSE WORKING CAPITAL WTO ZERO TARIFF
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Washington, DC
Middle East and North Africa | Syrian Arab Republic
2013-02-27T23:42:55Z | 2013-02-27T23:42:55Z | 2010-09

Syria made promotion of non-oil exports one of the main objectives of its development strategy to counter the emerging twin balance of payments and fiscal deficits resulting from secular decline of oil production and exports. To realize this objective, the Government has implemented a number of trade policy reforms and took complementary measures in other policy areas during the 10th five-year plan to improve competitiveness of Syrian products in international markets. Non-oil exports responded strongly to the policy improvements. There is now a wide recognition of the need for further reforms to maintain this momentum. This paper tried to assess the achievement so far, identify the remaining gaps in the trade regime, and recommend follow up measures for broadening and deepening the trade reforms. The principal recommendations are presented in the attached policy matrix. The objective of export incentives is to reduce the costs of exported products with policy instruments consistent with World Trade Organization (WTO) rules.

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