Türkiye, Syria sign deal to launch business council, boost economic ties

The agreement, backed by nine additional MoUs, sets the stage for private sector collaboration in Syria’s reconstruction through BOT and PPP models.

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Newstimehub

7 Aug, 2025

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Türkiye and Syria have signed a Memorandum of Understanding (MoU) to establish a joint Business Council aimed at re-establishing institutional cooperation between the two countries, Türkiye’s Trade Ministry announced.

The agreement on Wednesday was formalised during a roundtable meeting chaired by Syrian Economy and Industry Minister Nidal Al-Shaar and Türkiye’s Deputy Trade Minister Ozgur Volkan Agar. 

The session also included members of Türkiye’s Foreign Economic Relations Board (DEIK) and a Syrian delegation, along with business leaders from both countries.

The discussions focused on cooperation opportunities within Syria’s post-war reconstruction process, particularly in the areas of infrastructure and public services through Build-Operate-Transfer (BOT) and Public-Private Partnership (PPP) models.