Syria, Iran reach new economic agreements

Syrian state news agency SANA said the countries have signed 11 agreements and memoranda of understanding to promote cooperation in Syria’s reconstruction after eight years of civil war.

29 January 2019 | 17:49

Source: Associated Press

  • Source: Associated Press
  • Last update: 29 January 2019 | 17:49

This undated photo shows Syria's President al Assad. (AFP Photo)

DAMASCUS, Syria: New trade agreements between Syrian and Iran will help the two countries face the “economic war” waged against them by the West, Syria’s president said.

Bashar Assad spoke Tuesday during a meeting with visiting Iranian First Vice President Eshaq Jahangiri.

Syrian state news agency SANA said the countries have signed 11 agreements and memoranda of understanding to promote cooperation in Syria’s reconstruction after eight years of civil war. The deals include agreements on infrastructure development and combatting money laundering, as well as a “long-term strategic economic cooperation treaty.”

Syria’s government is under Western sanctions linked to its actions over the course of the civil war. Iran, a close ally of Assad, is under renewed U.S. sanctions following President Donald Trump’s decision to withdraw from the 2015 nuclear deal.

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