Lifting Sanctions on Syria to Revive Economic Ties, Trade Flow, Says JBA President

Lifting Sanctions on Syria to Revive Economic Ties, Trade Flow, Says JBA President

President of the Jordanian Businessmen Association (JBA), Hamdi Tabbaa, welcomed the decision to lift economic sanctions on Syria, calling it a “significant” step to revitalize bilateral economic activity and open new opportunities for the Jordanian private sector.

In a statement issued Wednesday, Tabbaa noted the decision still requires time for legal and procedural steps to take effect, it represents a “hopeful” sign of Syria’s reintegration into the Arab sphere and a potential catalyst for renewed joint Arab economic cooperation.

Tabbaa emphasized the move will help facilitate the movement of goods and commodities across land crossings, which would in turn enhance Jordan-Syria trade volumes after a period of “notable” decline. He also highlighted the potential benefits for Jordan’s transportation, services, and industrial sectors.

Tabbaa noted the decision may contribute to accelerating reconstruction efforts in Syria, stimulating economic growth and generating employment opportunities.

The step also positions Jordan as a key regional hub for trade, investment, and development projects, with Jordanian firms well placed to engage in major initiatives, particularly in construction, infrastructure, and energy, he pointed out.

The JBA president reiterated the association’s “readiness” to work with relevant partners to support Syria’s economic recovery, with the broader goal of fostering shared prosperity, a favorable investment climate, and regional stability.

Tabbaa also stressed Jordan’s “historic” ties with Syria and its commitment to supporting the Syrian people in various fields, aiming to ensure positive outcomes that serve common interests.