Syria and Iran lower tariffs per free trade agreement

Syria and Iran signed a free trade deal more than 10 years ago but are still working out the details. The two countries are not major trade partners despite being political and military allies.
Iran's Foreign Minister Hossein Amir-Abdollahian (R) receives his Syrian counterpart Faisal Mekdad in Tehran, on July 20, 2022.
Iran's Foreign Minister Hossein Amir-Abdollahian (R) receives his Syrian counterpart Faisal Mekdad in Tehran, on July 20, 2022. - ATTA KENARE/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

The Iranian government amended the terms of its free trade agreement with Syria Sunday night. 

What happened: Iran’s governmental Cabinet, headed by President Ebrahim Raisi, decided to lower the tariff on goods specified in its free trade deal with Syria from 4% to 0%. The Cabinet made the decision during a session, the official Islamic Republic News Agency reported. 

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