Sunday 26 February 2012

Sanctions take toll on trade flows with UAE - The National

Trade and business links between the UAE and Syria are being squeezed as fighting and sanctions disrupt trade and investment flows.

Officials expect the flow of goods to falter this year as the UAE complies with Arab League sanctions against Syria.

"If you compare the five countries that witnessed the Arab Spring last year, the most affected country was Libya and the least affected was Syria," said Abdullah Al Saleh, the undersecretary of the Ministry of Foreign Trade. "This year, with the resolutions and economic sanctions, and we don't know about the future development, we may see a drop in trade."

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