_1777292798912_197359786.jpg&w=64&q=75){kind=small}
Syrian Factories Pause Production Amid Import Issues
The Syrian industry faces significant challenges as a result of market opening and trade liberalization following the fall of Bashar Assad's regime in December 2024. The influx of cheaper imported products has led to a decline in the competitiveness of local factories and the closure of some facilities, resulting in the loss of hundreds of jobs. Nevertheless, the government is working to reduce the state's role and support the private sector by rehabilitating and reopening more than 100 state-owned enterprises, as well as easing import restrictions to stimulate economic growth. The World Bank estimates this growth will be between 2% and 4% in 2025, but it depends heavily on broad external support and faces challenges in balancing market liberalization with the protection of local factories and the necessary infrastructure for competitiveness.
Notice: This Is an AI-Generated Summary
Comments (0)