Agreements

Arab  World commissions and organizations in which Syria is a member or well as the most important laws which regulate investment and monetary and financial policy .

  • The Arab League .
  • The Arab Free Trade Organization.
  • Council of Arab Economic Unity( CAEU).
  • Arab Investment Insurance Organization .
  • UNIDO
  • UN
  • UNDP
  • Islamic Conference Organization .
  • Islamic Development Bank. IDB .
  • World Bank.( WB) .
  • International Monetary Fund. (IMF) .
  • ESCWA .
  • Economic Cooperation & Development Organization (OECD)
  • The Mediterranean Network of Investment Agencies. ANIMA .
  • Multilateral Investment Guarantee Agency (MIGA),
  • The International Center for settlement of Investment Disputes. ICSID.

Country

Agreement

Signature date

Ratification Date

Conclusion Date

Remarks

Saudi Arabia Trade and Economic Agreement 4/3/1972 16/4/1977 Valid Amendment of article 15 was ratified by law 315 of 14/10/2003
Agreement on free trade area 20/1/2001 Decree 18 of 10/7/2001 As from 1/2/2002 Customs exemptions became 100%
Agreement in joint supreme committee 5/2/1991 Law 3 of 12/3/1991   The committee convenes periodically
Kuwait Trade and Economic Cooperation agreement

 

 

17/12/1991

 

 

 

 

 

Decree  1 of 29/1/1992

 

 

 

Valid as from 17/12/1999

 

 

The agreement to encourage and to protect investment has been amended on the margin of the meeting of the joint technical committee convened on May 2010 and the agreement was ratified as per decree 13 of 2011 in preparation to become into force
Investment Encouragement Agreement 16/8/2001 Ratified as per law 12 of 2002 As from 23.3.2004
Bahrain

 

 

Trade and Economic Cooperation agreement20/11/1994 20/11/1994 Law 2 of 20/1/1995 Valid from 14/10/1996  
Agreement to form a joint supreme committee

 

20/9/2000

 

 

 

Decree 4of 1/4/2001

 

 

Valid as from 18/12/2001

 

 
UAE Trade and Economic cooperation agreement 2/4/200

 

 

Decree 430 of 30/9/2000

 

Valid as from 9/4/2000  
Agreement to establish free trade zone

 

2/4/2000

 

Decree 55 of 30/9/2000

 

Valid as from 28/1/2001

 

On 1/1/2003 customs exemptions reached up to 100%

 

Agreement to encourage and to protect investments 26/11/1997 Law 14 of 1998 Valid as from 10/1/2001  
Qatar

 

Trade and economic cooperation agreement 2/12/1990 Law 45 of 21/12/1990 Valid as from 27/3/1991  
Minute of the Joint committee

 

 

4/5/2000

 

No need for ratification

 

 

Adopted by Prime Ministry published to all concerned authorities

 

It was agreed by the two countries to shorten the Arab Great Free Trade period to 2003 as per trade agreement signed between the two countries and it is not to be executed by customs

 

Memorandum of understanding concerning Qatari investment in Syria 23-24/10/2002 Adopted by the economic committee in its session 46 of 2003 Valid when signed  
An agreement to encourage and to protect investments 23-24/10/2002 Ratified by law 7 of 2004 Valid as from 27/4/2006  
Agreement to establish a supreme joint committee 23/10/2003 Decree 91 of 2/3/2004 Valid as from 27/4/2006  
GCC countries Free Trade Zone agreement draft Signed initially on 13/6/2004      
Oman

 

 

Trade and Economic cooperation agreement 6/1/1990 Law 1of 7/3/1990 Valid as from 31/8/1991  
An agreement to encourage and to protect investments 14/9/2005 Law 23 of 2006  Valid as from 1/6/2006  
Jordan Agreement to establish free trade zone 10/8/2001 Decree 9 of 2/2/2002 Valid as from 23/5/2003 On 1/1/2005 customs exemptions reached up to 100%
Agreement to establish free trade zone 10/8/2001 Ratified by decree 12 of 2002 Valid as from 11/5/2005  
Yemen An agreement to encourage and to protect investments 9/10/1996 Law 18 0f 1998 Valid as from 22/7/2005  
Commercial agreement  

9/10/1996

 

 

 

Law 17 of 4/8/1998 19/11/1998

 

No customs exemptions

 

  Economic agreement 5/3/1953 Decree 60 if 12/3/1995 Concluded on 25/3/1953 Valid as from 27/3/1953 It was agreed to free exchange of industrial products and reduction of 25% of customs duties annually as from 1/1/1999 as per law 4 of 4/8/1998 .
Lebanon Agreements to encourage investments 12/1/1997

 

Law 15 of 1998 15/9/1999 Signed during the meetings of the Joint Supreme Committee convened in Damascus on 18/7/2010 and are both ratified by the two parties
 Agreements to encourage investments 18/7/2010 Law 15 of 1998 15/9/1999 Signed during the meetings of the Joint Supreme Committee convened in Damascus on 18/7/2010 and are both ratified by the two parties
Agreement on economic and social cooperation and coordination

 

16/9/1993

 

 

 

 

Law 23 on 22/12/1994

 

 

 

Valid as from 26/11/1993

 

 

 

 

Also , it was agreed to free exchange of agricultural products and exemptions from customs duties as per tables stated in the minute of coordination commission meeting of 1999 ratified by decree 21 on 7/8/2000 as from ratification date on 7/8/2002
Iraq Free Trade zone protocol

 

 

31/1/2002

 

 

 

 

Decree 14of 10/3/2001

 

 

 

 
An agreement to encourage and to protect investments  

29/8/2002

 

Under ratification    
Supreme joint committee 13/8/2001 Under ratification    
Scientific , trade , economic , cultural and technical cooperation agreement

 

13/8/2001

 

 

 

 

 

 

 

 

 

14/5/2002

 

 

 

 

 
Egypt Trade agreement 19/7/1991 Decree 12 of 5/9/1991 1/12/1991  
An agreement to encourage and to protect investments 28/5/1997 Law 16 of 1998 5/10/1998  
Supreme joint committee

 

3/5/1990

 

 

 

 Approved by Law 26 on 10/7/1990

 

 

 

 

 

 

 
Tunisia Trade agreement 22/5/1977 Law 35 of 15/3/1978 9/11/1978  
An agreement to encourage and to protect investments 23/4/2001 Law 11 of 2002 12/3/2003  
Free Trade zone agreement 15/4/2002 Law 16 of 14/10/2003 Valid as from 10/3/2005  
Algeria Trade agreement 14/9/1997

 

 

 

Decree 477 of 19/10/2000

 

15/4/2001

 

 

 

Replaced the agreement  of 1979
An agreement to encourage and to protect investments 14/9/1997Decree 23 OF 2000 Valid as from 18/6/2002   The agreement has been amended during the meetings of the Joint Supreme Committee convened in April 2010 and it was ratified to prepare to become into force
Morocco

 

Economic and trade exchange organizing agreement 28/8/1972 Decree 969 of 21/3/1973 Valid as from 27/2/2003  
Agreement to Encourage and to protect Investments 23/10/2001 Ratified by law 37 of 2002 Valid as from 29/3/2003  
An agreement to form a joint supreme committee

 

11/4/2001

 

Decree 320 of 24/6/2001

 

   
Somalia Trade agreement 17/1/1973 23/4/1973 26/5/1973  
Economic and trade cooperation agreement and  organizing trade exchange 3/2/1978 31/7/1978 3/10/1979  
Libya

 

Trade and economic cooperation agreement 2/3/1987 31/7/1978 10/3/1979  
An agreement to encourage and to protect investments 2/8/1993 Law 7 of 1993 7/10/1995  
Sudan Agreement to encourage and to protect investments 17/1/2000 Decree 3 of 2001 1/9/2001  
Free Trade Zone agreement 31/5/2001 Law /38/ of 20/5/2002   The agreement is not effective due to non agreement upon industrial commodities exception from agreement provision
An agreement to establish a joint supreme committee 31/5/2001 Ratified by the legislative decree 7 of 2001 Valid as from 31/5 /2001 As from the date of its ratification
Mauritania Agreement to establish joint ministerial committee 3/1/2010 Ratified by decree 388 of 2010    

State

Date of approval

Ratification deed and its date

Current status

Remarks

Senegal 14/11/1975 Decree No. 589 on 3/3/1976 Valid  
USA 9/8/1976 Decree No. 33 on 1/8/1977 Valid  
Switzerland 9/5/2007 Decree No. 24 on 12/7/1978 Valid as from 2008 replaced the agreement of 22/6/1977
Germany 2/8/1977 Decree No. 34 on 11/9/1978 Valid The German party has been provided with an amended draft and reply is awaited
Pakistan 25/4/1996 Law No. 5 on 2/7/1997 Valid from 4/11/1977  
China 9/12/1996 Law No. 10 on 4/8/1998 Valid from 1/10/1999  
Indonesia 27/6/1997 Law No.1 9 on 31/12/1997 Valid from 20/2/2000  
Iran 5/2/1998 Decree No. 3 on 11/2/1998 Valid from 16/11/2005  
Bella Russia 11/3/1998 Decree No. 8 on 4/8/1998 Valid from

1998

 
Bulgaria 21/5/2000 Decree  No. 10 on 12/5/2001 Valid from

10/11/2001

 
Italy 20/2/2002 Decree  No. 43 on 13/7/2002 Valid from

13/11/2003

 
Ukraine 21/4/2002 Decree  No. 56 on 8/9/2003 Valid from 16/3/2003  
Greece 23/2/2003 Decree  No. 39 on 27/7/2003 Valid from 27/2/2004  
Turkey 6/1/2004 Decree  No. 40 on 1/7/2004 Valid from 3/1/2006  
Russia 27/1/2005 Law No. 21 on 16/6/2005 Valid from 13/7/2008  
Democratic Korea 14/5/2006 Law No. 51 on 5/12/2006 Valid from 20/12/2006  
Federal Nigeria 10/12/2006 Law No. 14 on 17/6/2007 Procedures are being followed -up  
Tajikistan 10/2/2007 Decree No. 18 on 2/4/2008 Valid from 30/5/2008  
Cyprus 10/6/2006 Decree 53 of 2008 Valid as from 2007  
India 18/6/2008 Decree  No. 58 on 23/9/2008 Valid from 22/1/2009  
Romania 24/6/2008 Decree  No. 61 on 28/9/2008 Valid as from 26/7/2009  
Malaysia 7/1/2009 Law  27 of 2009 Valid as from 20/6/2009  
Czech Republic 20/11/2008 Law 10 of 2009 Valid as from 19/7/2009  
Slovakia 18/2/2008 Decree 44 of 2009 Procedures are under accomplishment  
Armenia 10/6/2006 Law No. 5 on 4/1/2010 Valid from 26/5/2010 Signed during the visit of President of the Republic to Armenia

State Date of signature Ratification deed and its date Status Remarks
European Union states 18/1/1977 valid  
Russia 15/4/1993 Law 11 of 1993 Valid as from 13/7/1993  
Armenia 30/4/1995 Decree 177 of 2002 Valid  
Belarus  11/3/1998 Decree8 of 1998 Valid as from 1998  
Cuba 28/10/1998 Decree 142 of 2005  Valid  
China 11/1/2001 Decree 40 of 2001 Valid as from 18/10/2001  
Ukraine 21/4/2002 Decree8 of 2003 Valid as from 16/3/2003  
Bulgaria 25/4/2010 Decree 51 of2010 Valid as from 2/11/2010 Economic cooperation agreement
Hungary 20/10/2010 Ratified by the Syrian party and to be ratified by the Hungarian party
Philippine 26/10/2010 An agreement has been signed to establish a joint committee for the scientific, economic ,trade and technical cooperation  
Venezuela 3/9/2009 Decree 36 of 2010 Valid as from 14/6/2010  
Federal Nigeria 10/12/2006

 

Law 13 of 2007 Measure to become into force are being finalized The Nigerian party has been notified that the Syrian party has completed ratification procedures and it asked to be informed about the date of coming into force
Indonesia 3/2/2007 Legislative decree 452 of  19/11/2007 Valid

 

 

 

Country

Date of signature

Ratification deed and its date

Current status

Remarks

Sri Lanka 9/10/1966 Decree 29 of 1996

 

Valid  
Pakistan 11/8/1969 Decree 342 of 1969 Valid  
Tanzania 12/2/1974 Decree 166 of 1974   Valid from 10/8/1975  
Indonesia 18/3/1976 Decree 1220 of 1977 Valid  
India 20/4/1987 Decree 1570  of 1978 Valid from 5/3/1979 Its replaced the commercial agreement signed on 9/10/1969
Guinea 22/1/1979 Decree 1209 of 1979 Valid  
Albania 17/6/1979 Decree 1252 of 1980   A new agreement draft is under study by the Albanian party
Niger 26/6/1980 Decree 2661 of 1980 Valid  
Democrat Republic of Korea 28/6/1982 Law 5 of 1983 Valid It stipulates consular exemption
Argentina

 

6/9/1989 Decree 127 of 1989 Valid from 21/6/1993  
Chile 27/2/1990 Decree 12 of 1990 Valid from 21/4/1992  
Azerbaijan 28/3/1992 Decree 10 of 1992 Valid  
Armenia 30/3/1992 Decree 7 of 1992 Valid  
Vietnam 12/5/1994 Decree 12 of 1994 Valid from 26/10/1994  
Pakistan 25/4/1996 Decree 172 of 1997 Valid  
Iran 21/8/1996 Decree 241 of 1997 Valid from 10/4/2002  
Cuba 28/10/1998 Decree 478 of 2000 Valid  
Tajikistan

 

29/3/1992 Decree 11 of 1992 Valid from 16/9/1993  
Ukraine 21/4/2002 Decree 56 of 2003 Valid from 16/3/2003  
Malaysia 18/8/2003 Decree 49 of 2004 Valid from 15/8/2004  

Agreements signed with BRICS countries In the field of encouraging and mutual protection of investment :

State Date of signature Ratification deed and date Current status Remarks
Russia 27/1/2005 Law Nr.21 of

16/6/2005

Valid as from

13/7/2007

 
China 9/12/1996 Law Nr.11

4/8/1998

Valid as from

1/10/1999

 
India 18/6/2008 Decree Nr.58

23/9/2008

Came into force in  22/1/2009  
South Africa 2011 Decree Nr.88

17/7/2011

Came into force  
Brazil  

 

 

Economic and trade a cooperation agreements signed with BRICS countries :

 

State Date of signature Ratification deed and date Current status Remarks
Russia 15/4/1993 Law Nr.11 of  22/6/1993

 

Valid as from 13/7/1993 Trade , economic and technical cooperation  agreement
China 11/1/2001 Decree Nr.40 of 26/8/2001 Valid as from  18/10/2001 Trade , economic and technical cooperation  agreement
India 20/4/1978 Decree Nr.1570 of  4/12/1978

 

Valid as from 5/3/1979

And it replaced by the trade agreement signed on 9/10/1969

Trade and economic agreement
South Africa 21/10/2010 Ratified on  17/7/2011 Valid Trade and economic agreement
Brazil

 

Arab  World commissions and organizations in which Syria is a member or well as the most important laws which regulate investment and monetary and financial policy .

  • The Arab League .
  • The Arab Free Trade Organization.
  • Council of Arab Economic Unity( CAEU).
  • Arab Investment Insurance Organization .
  • UNIDO
  • UN
  • UNDP
  • Islamic Conference Organization .
  • Islamic Development Bank. IDB .
  • World Bank.( WB) .
  • International Monetary Fund. (IMF) .
  • ESCWA .
  • Economic Cooperation & Development Organization (OECD)
  • The Mediterranean Network of Investment Agencies. ANIMA .
  • Multilateral Investment Guarantee Agency (MIGA),
  • The International Center for settlement of Investment Disputes. ICSID.
State Date of signature Ratification deed and its date Status Remarks
Iran 23/2/2006 Decree 13 0f 2008 Came into force on 1/6/2010 Preferential trade agreement
2/10/2010 Signed during the visit of the president of the republic to Iran it needs to be ratified Free trade agreement valid as from 21/3/2011
Turkey 22/12/2004 Decree 37 of 2005 1/1/2007Valid as from  An agreement of partnership to establish a free trade zone
European Union Signed initially on 19/10/2004 and 14/12/2008 After being signed initially to establish a free trade zone then it was reviewed technically and signed again on 14/12/2008 Free trade zone
Mercosur 16/12/2010 An agreement to establish a free trade zone Still waiting to be ratified
South Africa 21/10/2010 Ratified on 17/7/2011 Valid Measures of ratification are to be finalized