• Short Summary

    Syrian economic growth, apparently recovering rapidly since the massive setback of the 1973 Middle East war, gets a further boost this month from the big Damascus International Fair.

  • Description

    Syrian economic growth, apparently recovering rapidly since the massive setback of the 1973 Middle East war, gets a further boost this month from the big Damascus International Fair.

    It was opened on Friday (25 July) by Syrian Economic and Foreign Trade Minister Mohammad Imadi, and this year has attracted the participation of 15 Arab countries, a further 26 overseas nations plus several large international organisations.

    Currently, Syria seems to be experiencing an economic revival during the period of relative stability following the 1973 war. The fighting of two years ago hit Syria hard--both through expenditure on the war effort and the disruptive Israeli attacks on strategic industrial and communications targets. Estimates of war damage varied, but were probably around 1.5 billion dollars.

    Industrial growth away from the traditional agriculture-based society has been the key in Syria's economic development. In part, new industries have been introduced to try to reduce the country's large and growing dependence on foreign trade.

    Syria's last five year plan, in 1969, made a conscious effort to cut back reliance on imports, while at the same time opening up new trade routes to third world countries. But much of the economy remains dependent on Arab financing--hence the importance of the large Arab representation at the current Damascus Fair.

  • Tags

  • Data

    Film ID:
    VLVAPEGLJ3DLG0H2HDD9UI1V852K
    Media URN:
    VLVAPEGLJ3DLG0H2HDD9UI1V852K
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    27/07/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:25:00
    Time in/Out:
    /
    Canister:
    N/A

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