The European Union has announced a gradual easing of sanctions on Syria, a move aimed at fostering economic recovery following the ouster of President Bashar al-Assad. This decision comes with a strategic intent to maintain leverage over Syria's new leadership, with a reversible approach to prevent empowerment of extremist structures. Since the beginning of the Syrian civil war in 2011, EU sanctions have primarily targeted oil exports and financial channels, although arms-related restrictions remain intact.
On the other hand, Turkey sees the post-Assad era as a significant opportunity for economic collaboration and reconstruction efforts in Syria. Having hosted millions of Syrian refugees, Turkey has maintained strong support for the Syrian opposition, which it facilitated from its territory. With the potential of lucrative reconstruction projects on the horizon, Turkish companies are eyeing sectors like energy and construction. They aim to leverage their geographical proximity and existing relationships to benefit from Syria's rebuilding needs.
However, recent tariff hikes by Syria's transitional government pose challenges for Turkish exporters, impacting their competitiveness. Despite this, Turkish firms are planning for increased economic activities, contingent on the stabilization of Syria's political landscape. Meanwhile, the Turkish government is keen on reviving economic ties and is actively engaging in discussions to explore energy partnerships and enhance bilateral trade.
In essence, the EU and Turkey are both strategically positioning themselves for the economic transformation of Syria, while cautiously navigating the complexities of a post-conflict environment. The EU's conditional easing of sanctions and Turkey's proactive engagement underscore a multifaceted approach to shaping Syria's future.
