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Long-Term Pact between Iran, Syria Defies Sanctions

Long-Term Pact between Iran, Syria Defies Sanctions

Monday, 31 December, 2018 - 07:30
Iran and Syria sign an agreement in Tehran on Sunday to expand bilateral economic cooperation in the long term. (IRNA)
Ankara, Damascus, London - Saeed Abdul Razek and Asharq Al-Awsat
An agreement for a long-term strategic cooperation between Iran and Syria was announced Sunday in Tehran to help the two countries avoid international sanctions that affected banks, companies and individuals.

The agreement was signed by Minister of Economy and Foreign Trade Mohammad Samer al-Khalil and Iranian Minister of Roads and Urban Development Mohammad Eslami in attendance of ambassadors of the two countries, reported Syrian state agency SANA.

Eslami said that the two countries are now making great economic cooperation.

The Iranian minister stressed that the historic relations between the two countries are witnessing their pinnacle, clarifying that all the exerted efforts and measures between their peoples and governments will lead to sustainable peace and security in the region.

For his part, the Syrian minister said the agreement constitutes a comprehensive cooperation at the financial and banking levels and it contributes to facilitating trade exchange and overcoming obstacles that hinder boosting the cooperation.

“Relations between the two countries are excellent at many levels and we are looking forward to upgrading cooperation in the economic field,” Khalil said.

Later, during a meeting with Chairman of Iran’s Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei, Khalil called for opening mutual accounts and banks between Syria and Iran, referring to the importance of cooperation between their central banks.

On the battlefield, Turkey intensified in recent hours its military reinforcements on the border areas with Syria and around the city of Manbij.

A US military convoy entered Sunday the Syrian city despite President Donald Trump's announcement this month that he is pulling American troops out of the war-torn country.

US-led coalition jets and attack helicopters could still be seen in the skies over Manbij on Saturday, Reuters reported.

Separately, a diplomatic source said that the Kuwaiti Foreign Ministry had summoned the charge d’affaires at the Syrian embassy to object to Damascus’ announcement of the blacklisting of 30 Kuwaitis for suspected terror funding.

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