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Syria Limits Imports Of Clothing And More Than 10000 Items.

2011/10/8 9:09:00 37

Syria Limits Imports Of CarFurniture And Clothing Products

In order to slow down the loss of foreign exchange, in September 22nd, the government of Syria suddenly announced that except for the production of raw materials, food and other basic necessities and items that could not be produced in the country, more than 5% tariff products were temporarily prohibited from importation.


There are 11 levels of tariff rates in Syria, ranging from 1% to 60%. The import ban will affect more than 1 million commodities, including cars, furniture, clothing, household utensils and some food.


Once the ban was announced, the motor vehicle

price

In the case of Korean car KiaRio, the price rose to $18000, the price of sunglasses doubled, and the price of TV rose by 2000 to 5000 pounds, according to the example of Korean car KiaRio.


Syria imported 20 thousand new cars per month in March (2011). After the turmoil, the number of new cars imported in May was only 2000.


In September 26th, Syria passed the 2012 government budget of US $26 billion 500 million, compared with 2010.

increase

58%.

It is estimated that the existing foreign exchange in the country can be imported for 16 months.


In 1980s, the Syrian government restricted imports of foreign products. By 2000, the country implemented economic liberalization and reform measures.

Homegrown products

Imports, before that, foreign goods can only be imported by smuggling.



 

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