March 2, 2025 - 11:21
A recent surge of inexpensive imports has severely impacted Syrian businesses, leaving them with an excess of unsold goods. This situation has arisen as the economy continues to stagnate under the protectionist policies of the Assad regime. Many local companies, which had previously relied on a controlled market to sell their products, now find themselves struggling to compete with the influx of cheaper foreign goods.
As a result, warehouses are overflowing with stock that cannot be moved, leading to significant financial losses for these businesses. The once-thriving local manufacturing sector is now facing an existential crisis as it grapples with the consequences of a market flooded with imports that are often of better quality and lower price.
Entrepreneurs are calling for urgent measures to address the imbalance and support local industries, emphasizing the need for policies that can foster a more sustainable economic environment. Without intervention, the future of many businesses hangs in the balance, threatening livelihoods and economic stability in the region.
