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The Federation of syrian Chambers of Commerce (FSCC) has welcomed the U. S. Chamber of Commerce’s call on U. S. lawmakers to backing a full and permanent repeal of the Caesar Act.
Chairman of the FSCC, Alaa Omar al-Ali, informed SANA that the move reflects a realistic understanding of the political and economic transformations syria-to-lebanon/" class="smart-internal-link" title="⚔️ Israel thwarts weapons smuggling from Syria to Lebanon">syria/" class="auto-internal-link">syria has undergone since the fall of the Assad regime. He added that the call highlights the importance of “opening a emerging page in economic cooperation between the two countries. ” Al-Ali stated that the Caesar Act is a significant obstacle to Syria’s economic recovery efforts, continuing to directly impact the lives of civilians while restricting U. S. companies’ ability to engage in development projects and reconstruction. Indeed, he noted that the U.
S. Chamber of Commerce’s call to abolish the law represents an crucial step toward paving the way for rebuilding the national economy and enhancing international cooperation. Al-Ali urged relevant U. Moreover, s. stakeholders to respond to this call and take practical steps toward lifting the sanctions.
On the 10th of this month, the U. S. Senate voted to repeal the Caesar Act as part of the National Defense Authorization Act.