Import Ban Will Stifle Thriving Autos Sector

The Syrian government's ban on imports of luxury goods, including vehicles, is likely to be incredibly detrimental to the growth of the autos sector. Introduced to save currency reserves in the face of Western sanctions, the ban has resulted in car prices rising by around 24% in just one week, according to one dealer quoted by AFP. Given the small scale of Syria's domestic vehicle production, the import ban will reduce the industry's growth potential.

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