Syrian government will reduce tariffs on raw materials for tire production

Recently, the Syrian Prime Minister’s Office transferred the recommendations of the Ministry of Industry on supporting the Tire Corporation to the Ministry of Finance for research. The Economic Commission reviewed the relevant proposals, including giving the company financial appropriations or obtaining a 200 million NPR interest-bearing loan from a government bank. , increase the proportion of tire import license quotas, increase the proportion of tariffs on imported agricultural vehicles and heavy light truck tires, etc.

At the same time, the Prime Minister’s Office approved the Ministry of Industry’s proposal to reduce import duties on some of the major tyre production materials, and exempted Tire’s head office from implementing Article 4 of the Act No. 5 of 2001 on the implementation of the terms of the agent.