Wednesday, December 18, 2024

Antoine: The Situation In Syria Greatly Affects The Iraqi Economy, 18 DEC

 Antoine: The Situation In Syria Greatly Affects The Iraqi Economy

Information / Baghdad..  Economic expert Basem Antoine confirmed today, Wednesday, that the situation in Syria greatly affects the Iraqi and Syrian economies.

Antoine said in an interview with Al-Maalouma Agency that "the current situation in Syria has a direct impact on Iraq, especially since Iraq represents a vital market for Syrian industries."

He explained that "despite Iraq's ability to search for alternatives, Syria will suffer greatly, with the possibility of many factories shutting down as a result of the absence of markets to sell their goods, in light of the Syrian people's fear of the ongoing process of change."

He added, "Some people downplay the impact of the Syrian situation on Iraq, but the reality indicates a profound impact due to the common border that extends for about 650 kilometers between the two countries."

He pointed out that "the displaced Syrians in Iraq can return to their country to form an important workforce, which may restore activity to the Syrian market and ease Iraq's economic burdens, but it requires accurate studies to avoid the repercussions of the crisis on both countries."

He explained that "what is happening in Syria is not just a political conflict, but rather part of an economic war targeting the industrial and productive center of gravity that Syria represents in the region, which further complicates the economic situation in both countries."   LINK


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