Cyprus and Syria sign business Protocol of Cooperation

The Republic of Cyprus and the Syrian Arab Republic have signed a Protocol of Cooperation with the aim to further enhance their commercial, industrial and economic relations.

The Protocol was signed by Cypriot Minister of Finance Michalis Sarris and Syrian Minister of Economy and Commerce Amer Husni Lutfi.

An official press release says that the Protocol also covers the areas of tourism, taxation, the banking and customs sector, maritime trade, air and road transport.

Sarris, accompanied by a Cypriot delegation, presided over the Fifth Session of the Cyprus – Syria Intergovernmental Commission for Economic, Scientific, Technological and Industrial Cooperation.

The Intergovernmental Commission reviewed the progress achieved so far in various cooperation areas and examined new ways of “enhancing the close bonds of friendship between Syria and Cyprus”, the press release says.

During his visit in Syria, the Cypriot Minister held a series of meetings with the Ministers of Finance and Tourism of Syria and the Governor of the Syrian Central Bank.

Sarris also signed an Agreement for the Promotion and Protection of Investments and a Protocol of Cooperation in the field of tourism.