Jordanian-Syrian Free Zone resumes operations: Trade expected to rise

Trade between Jordan and Syria is expected to grow significantly with the resumption of operations in the Jordanian-Syrian Free Zone, according to Sharafeddin Rifai, Vice President of the Jordan Free Zones Investment Commission.

Speaking to Roya, Rifai explained that the zone will see a substantial influx of goods moving through Aqaba and the Al-Omari Border Crossing toward the free zone, especially with the introduction of new facilitation measures.

Rifai also highlighted that a reduction in vehicle taxes in Syria has contributed to a significant increase in the number of vehicles being transported to Syria via Jordan.

He noted that under Syria's previous administration, vehicle fees were high, but they have now been significantly reduced, with the current fees only amounting to 10 percent of what they were before.

Additionally, Rifai mentioned that before, the number of trucks traveling between Jordan and Syria ranged from 50 to 70 daily. This number is expected to at least triple in the near future, driven by the increased trade activity through the free zone.

He emphasized that the free zone will facilitate the transportation of goods from Iraq and Jordan to Syria, boosting trade and helping to restore the region to its pre-2011 levels, before the Syrian crisis.

Rifai further stated that Jordan will play a crucial role in Syria's reconstruction, with Jordanian investors helping to transport essential materials through Jordan, which will generate significant profits.

He also stressed the importance of involving the private sector in decision-making related to the free zone to ensure the necessary facilitation measures, which will have a positive impact on Jordan’s economy.

Regarding anticipated demand, Rifai expects significant needs for food products and construction materials in Syria as part of its reconstruction efforts.

Finally, he assured that the flow of goods to Syria will not affect their prices in Jordan's domestic market.