U.S. Chamber of Commerce Leads Historic Business Delegation to Syria

DAMASCUS, SYRIA - The U.S. Chamber of Commerce today concluded a landmark business delegation to Syria, marking a historic step in rebuilding the U.S.-Syria economic relationship following 14 years of devastating civil war and decades of sanctions.

Comprising 50 U.S. businesses and more than 80 delegates, the business mission engaged senior Syrian government officials including Syria's Minister of Finance, Minister of Economy and Industry, Minister of Communications and Information Technology, Minister of Health, Minister of Tourism, Minister of Transport, Minister of Public Works and Housing, the Governor of the Central Bank of Syria, the Governor of Deir ez Zor, the CEO of the Syrian Investment Authority, the Deputy Minister of Energy, officials from both the Syrian Petroleum Company and the Syrian Sovereign Fund, and the Chairman of the Federation of Syrian Chambers of Commerce.

"What we have heard consistently from Syrian officials and business leaders is a strong desire to partner with American companies: to attract American capital, deploy American innovation, and build using American standards and technologies," said Steve Lutes, U.S. Chamber Vice President of Middle East Affairs. "The enthusiasm and genuine gratitude we have encountered from Syrians across government and business is remarkable, and it speaks to just how significant this moment is for Syria and for the U.S.-Syria relationship. For American companies, this is a rare opportunity to do well by doing good: to pursue real commercial opportunities while playing an active role in Syria's economic revitalization. We are here to open doors, build relationships, and establish the confidence, trust, and business environment that will lead to tangible results, helping Syria get back on track economically and take its rightful place in the global economy."

Bringing together a broad cross-section of American industry ranging from multinational corporations to startups to engage directly with Syrian counterparts, the delegation allowed companies to gain firsthand insight into Syria's business climate, and to explore the range of commercial opportunities available as Syria reopens to international investment.

The delegation's scale and depth reflects Syria's leadership commitment to economic, fiscal, and governance reforms; the strong support of the U.S. government in helping Syria rebuild; and the appetite of American companies to engage in a country now open for business.

Building on the visit's momentum, the U.S. Chamber will host Syria's President and Foreign Minister next week in New York City on the sidelines of the 81st session of the UN General Assembly.