Mechanism of implementation of the priorities of external economic relations of Syria in modern conditions

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Mechanism of implementation of the priorities of external economic relations of Syria in modern conditions

Journal Title: Бюллетень науки и практики - Year 2016, Vol 2, Issue 3

Abstract

The mechanism for implementing the priorities of foreign economic relations (priority investment and trade and other relations) in the chaos and macroeconomic instability is important step and a priority that stands in front of the foreign economic policy of Syria. International economic relations play very important role in economics of countries, and in the world that external links have become a basic and main engine of life in all countries, under these relations is determined by the level of economic development that does not hide the prominent impact on all levels of social, cultural and even political. In the period of the war in Syria significantly the financial reserves of the state and capital flight decreased, which led to high external debt (increased 2.5 times in 2014 compare with 2012) therefore must develop a strategy to reduce dependence on foreign debt and develop a mechanism to attract foreign investment. In period 2004-2012 Syria's foreign trade turnover increased by 3.46 billion U.S dollars or 1.29 times in 2012 amounted to 15.305 billion U.S dollars. But in 2013 it felt to 7.60 billion U.S dollars. Despite the fact that the Syrian government issued law number 8 - 2007 Syria has been too late in the Doing Business report. In 2011, he engaged in 144th place. Compared with 2009. In comparison between the data table before and during the crisis ranking of Syria in the report Doing Business is not much deteriorated from 144th to 147th place. With the exception of 2014, Syria is engaged in 165th place because no wealth of information about how to obtain a building permit, so she automatically deals Last place 189th.

Authors and Affiliations

Ahmad Al Humssi

Keywords

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EP ID EP254355
DOI 10.5281/zenodo.53927
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