Commercial Affairs
Commercial Office Functions
Due to the imposition of trade and financial sanctions on Syria, the Commercial Office at the U.S. Embassy in Damascus:
- Enforces the implementation of sanctions by explaining American export regulations and licensing processes to Syrian importers
- Conducts post-shipment verifications, as requested by the Department of Commerce, to verify that Syrian importers of U.S. origin products are complying with the requirements of the export license process
The Commercial Office provides advice and guidance to American companies by offering the following services:
- Briefing American companies on the country's economic and political environment
- Helping U.S. companies access appropriate host government officials
- Informing U.S. companies of the protections afforded by existing bilateral investment treaties (BITs) and applicable multilateral conventions
Please note that due to the implementation of the Syrian Accountability Act, and the current political and economic environment, the Commercial Office at the U.S. Embassy in Damascus suspended the following services:
- Alerting American companies to trade and investment opportunities
- Helping devise an effective strategy for U.S. business in the country
- Providing advice on best tactics for pursuing business opportunities in the country
- Sharing information on the commercial agenda and strategies of foreign companies and governments
Commercial Office Achievements
- Annual publication of the Country Commercial Guide that describes the Syrian economic and investment climate by providing updated figures and data from multiple sources
- Encouraging a mutual exchange of ideas and understanding through the development of a Syrian Women in Business Group
- Facilitating the flow of information between U.S. and Syrian business communities
- Providing information to a number of Syrian importers to enable them to successfully comply with trade and financial sanctions against Syria
- Successfully conducting post shipment verifications, as part of the licensing process, to ensure that Syrian importers of U.S. origin products have complied with the requirements of the export license issued by the U.S. Department of Commerce.
Trade with Syria : 2010
NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified.
Month |
Exports |
Imports |
Balance |
January 2010 |
47.4 |
36.2 |
11.2 |
February 2010 |
37.3 |
65.7 |
-28.4 |
March 2010 |
28.5 |
38.8 |
-10.4 |
April 2010 |
22.2 |
1.4 |
20.8 |
May 010 |
20.1 |
71.8 |
-51.7 |
June 2010 |
40.4 |
30.4 |
10 |
July 2010 |
30.5 |
2 |
28.5 |
August 2010 |
35.7 |
33.5 |
2.2 |
September 2010 |
89.4 |
14.5 |
74.9 |
October 2010 |
63.3 |
38.7 |
24.7 |
November 2010 |
64.2 |
17 |
47.1 |
December 2010 |
32.3 |
79.1 |
-46.8 |
TOTAL |
511.4 |
429.3 |
82.1 |
- 'TOTAL' may not add due to rounding.
- Table reflects only those months for which there was trade.
- CONTACT: Data Dissemination Branch, U.S. Census Bureau, (301) 763-311
- SOURCE: U.S. Census Bureau, Foreign Trade Division, Data Dissemination Branch, Washington, D.C. 20
U.S. - Syria Trade Statistics 1992 – 2009
FOR INFORMATION ON TRADE AND FINANCIAL SANCTIONS, PLEASE CLICK HERE
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