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Public and private sectors in Syria have difficulty in financing operations, says head of Turkish-Syrian Business Council
  02.12.2011


Chairperson of the Turkish-Syrian Business Council, Ruhsar Pekcan, said Tuesday that the economic sanctions on Syria led to a problem in financing operations and that Turkish firms may experience difficulty in collecting money for projects they have completed in Syria.



 


Speaking to the AA, Pekcan said that "following the Arab League's sanctions on Syria, Syria's export figures are expected to go down sharply".

"Public and private sectors in Syria have difficulty in financing operations following the economic sanctions," Pekcan noted.

Turkey's trade volume with Syria was around 2.5 billion USD in 2010. The economic sanctions on Syria would negatively affect Turkey's exports to this country, mainly the exports of cement, electric energy, construction materials, and machinery as well as petroleum products, Pekcan said.

All Turkish companies, with the exception of maybe one or two, operating in Syria have stopped production activities in that country, Pekcan said.

The economic sanctions imposed on Syria will badly affect Turkey's trade with Syria and the Middle East region in general, Pekcan also said.
 
  
  

Source : en.cumhuriyet.com
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