Friday, September 20, 2013

SYRIAN CIVIL CONFLICTS,SANCTIONS/RESTRICTIONS AND EFFECTS ON INTERNATIONAL TRADE.

    Speaking of regional trade across Europe particularly EU, Syrian cannot be ignored to be the heart of trading partner in the region. In fact, Syrian w has being a member of WOT where he applied for a membership since October 2001. 
                      Also, Syria is one of the partners of the Euro-Mediterranean Partnership that promotes economic integration and democratic reform across 16 neighbors to the EU's south in North Africa and in the Middle East. One important part of this work is to achieve mutually satisfactory trading terms for the region partners. Syria and the EU have negotiated an Association Agreement.

               Therefore, as the world understands long internal conflicts in Syrian, we can say that this might have been a cause of slow strong integration of  Syrian into the WOT. As we learn in class that, political policies and conflicts can affect international trade functions.
          Following the violent internal repression in Syria, in May 2011( which continue to present)the EU adopted a number of restrictive measures towards Syria, including an import ban on crude oil and petroleum products as well as export restrictions including on dual-use goods, key equipment and technology for the oil and gas industry, as well as certain telecom equipment and luxury goods. In trading terms, with all the present conflicts and unsettled both political and civil strives, Syrian remains as isolated partner in the business cycle and its trade terms if applied to other nations they are less harmful on their trade. However, on my view as we saw in class that, being a nations having various trade opportunities to the outside world, its no trade state affects not only Syria itself, but also other former trade partners. All who had trade relationship now they suffer either import or export problems of goods and services.
                        As some data indicate from the European commission below, we can conclude that, restrictions and trade sanctions on Syria will affect the former partner in regional trade integration for both Africa, and Europe. "Syria traded with EU in 2011 with trade of approximately pounds 6.1 with about 90% of export of both energy goods and agriculture. And with restrictions, trade decreased to about 4.1 pounds in the year 2012, which is about 61%..."In fact, the restrictions have lowered trade performance in the region.  http://ec.europa.eu/trade/policy/countries-and-regions/countries/syria/                                                                                           
                        Therefore, from what we learn in class especially on the question of effects of trade sanctions, we can see the effects of conflicts in Syria. The sanctions put by EU and the WTO will have wide effects on the general international trade. Above, we seen Syrian having oil deposits, have also connection to Africa. Here, the outside will never have restrictions from Syria, but its out of trade however, will be of impact negatively on other nations.
            Therefore, trade sanctions or trade restrictions on countries with political conflicts will affect the trade on the international level and hence fall in the economic growth of all the trade partners on the international level because this restricts free trade, and adopts the no trade atmosphere within the region, though it may be true that the restrictions and arrogance of Syria, may not affect the other countries, but its No trade state with other countries will affect trade partners in the region.
Deogratias

2 comments:

  1. I think that you begin to state something that the trade sanctions will begin effect the trade in all other countries in a chain reaction, but in this article you did not state if you think if syria is a large enough country to effect trade. So I would like ask if you do think syria is large enough?

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  2. I think you bring up some interesting points, in fact i don't dispute your theory that trade sanctions will have an impact on Syria's trading partners and Syria itself.I believe your theory shows perhaps why trade sanctions are enacted in the first place. The sanctions are meant to hurt the economy, they undoubtedly are harming Syria's economy and their trading partners. However these sanctions obviously aren't 100% effective as the conflict in Syria continues. Going off of your point that sanctions on Syria effect their main trading partners the EU, north africa, and the middle east,i pose the question could the effects of these sanctions create an exigency for these countries to the point that they begin to push Syria in the direction of peace and stability as to bring back the economic well being that trading produces. However to answer that you'd first have to look at Alex's question regarding how much of an impact Syria really has.

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