AUTO INDUSTRY TO BENEFIT AS EU STRIKES TRADE DEAL WITH SYRIA
November 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Union (EU) auto manufacturing industry has a good chance to grab more market share in Syria following a newly signed wide-ranging association agreement, slashing steep duties imposed on EU-made auto exports. Syria already imports a significant number of EU-made cars: according to the ACEA (European Automobile Manufacturers Association) in 2008, 7,241 (Euro 106 million's worth) cars and SUVs were exported from the EU to Syria and this year, 3,427 (worth Euro 52 million) were sold from January to June. Also, in 2007, 10,354 (worth ...
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