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Source:
عكس السير
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What does the US designation of Syria as a state sponsor of terrorism mean for Syria's economy?
The United States has announced its intention to revoke Syria's designation as a state sponsor of terrorism, a decision that marks a significant shift since 1979. This move aims to open the door for the restoration of economic and investment relations, improve trade financing opportunities, and reduce the costs of remittances for expatriates, in addition to lowering risks for international companies and supporting reconstruction efforts. Syrian officials welcomed the decision, considering it a historic step that will help foster economic growth and reintegrate Syria into the global financial system, despite ongoing sanctions and structural challenges that require internal reforms to truly reflect on the economy.
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