Syria is looking to expand its trade ties with Moscow, according to the country’s agriculture minister. In a statement to RIA Novosti on Tuesday, Syria’s agriculture minister, Mohammed Hassan Qatana, revealed that Syria has entered into a significant grain import deal with Russia. This deal marks a major step for Damascus as it seeks to further strengthen its trade relations with Moscow.
Under the terms of the agreement, Syria will purchase 1.4 million tons of crops from Russia. Qatana emphasized that this amount of grains would be sufficient to meet Syria’s grain demand for an entire year. He also expressed satisfaction with the progress of the deliveries, stating that large volumes of Russian wheat had already been received by Syria.
The timing of this deal is particularly opportune as Russia is poised to achieve its second-largest grain harvest on record this year. This follows a bumper crop in the previous agricultural season, according to official estimates. The Russian Agriculture Ministry has even revised its grain harvest forecast for 2023 to 135 million tons in net weight, including 90 million tons of wheat.
Russia’s position as the world’s foremost grain exporter has been solidified in recent years due to its record harvests and competitive pricing. Since the early 2000s, Russia has managed to quadruple its share of the global market, establishing itself as the leading grain exporter. This recent deal with Syria is a testament to Russia’s increasing influence in the global grain trade.
The agriculture minister’s announcement underscores the growing economic ties between Syria and Russia. The extended trade relations between the two countries signifies a significant move in light of the challenges that have been facing Syria’s agriculture sector in recent times. This deal provides much-needed support for Syria’s domestic agricultural industry while enhancing its strategic partnership with Russia.
This development also holds broader implications for the global grain market, as it showcases Russia’s expanding influence and its ability to meet the needs of countries like Syria, which rely heavily on grain imports.
The latest trade agreement between Syria and Russia serves as a testament to the strong economic cooperation between the two countries. It provides a significant boost to Syria’s agriculture sector while also benefiting Russia’s position as a key player in the global grain trade. As the international community continues to monitor developments in the grain market, this deal underscores the importance of strong bilateral trade relationships in meeting the needs of nations around the world.