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The presidents of Iran and Turkey have affirmed their commitment to boosting economic cooperation and raising bilateral trade volume amid regional volatility. They discussed concrete measures to enhance goods exchange, investment, and cooperation in energy and transport. The aim is to reach an annual trade target of $30 billion in the medium term.
The European Council has ended the partial suspension of its cooperation agreement with Syria, restoring fuller trade relations as the country recovers from nearly 14 years of civil war. The move signals EU commitment to re-engaging and supporting economic recovery, following the overthrow of Bashar al-Assad in December 2024. EU-Syria trade collapsed after 2011, with imports dropping to just over €100 million in 2023 from a peak of €7 billion in 2010.
