Jordan border, Damascus seeks to revive regional trade

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AFP, Beirut :
By reopening a key land crossing with Jordan this month, the Syrian regime is inching towards a return to trade with the wider region as it looks to boost its war-ravaged economy. The government of President Bashar al-Assad took back control of the Nassib border post in July from rebels as part of a military offensive that reclaimed swathes of the south of the country. Syria’s international trade has plummeted during the seven-year civil war, and its foreign reserves have been almost depleted. The reopening of Nassib after a three-year hiatus, on October 15, is a political victory for the Damascus regime, said Sam Heller of the International Crisis Group.
It is “a step towards reintegrating with Syria’s surroundings economically and recapturing the country’s traditional role as a conduit for regional trade,” he said.
The Nassib crossing reopens a direct land route between Syria and Jordan, but also a passage via its southern neighbour to Iraq to the east, and the Gulf to the south.
“For the Syrian government, reopening Nassib is a step towards normalisation with Jordan and the broader region, and a blow to US-led attempts to isolate Damascus,” Heller said.
International pressure and numerous rounds of peace talks have failed to stem the fighting in Syria, and seven years in the regime has gained the military upper hand in the conflict.
Assad’s forces now control nearly two-thirds of the country, after a series of Russia-backed offensives against rebels and jihadists.
Syria faces a mammoth task to revive its battered economy. The country’s exports plummeted by more than 90 percent in the first four years of the conflict alone, from $7.9 billion to $631 million, according to a World Bank report last year.
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