Improving Export Incentives and the Free Zone System in Syria

This paper aims to review the export incentives currently implemented in Syria including the free zone system, identify the main weaknesses, and suggest measures to strengthen them. In particular, drawing on the best practices around the world, it explores ways to introduce a duty and tax relief scheme, manufacturing under bond arrangements, and an export processing zone system in Syria's trade regime, and to re-orient the free zones to maximize their contribution to the Syrian economy. The rest of the paper is organized as follows: section two makes a case for development of an effective export incentive system to eliminate the anti-export bias in Syria's trade regime and foster its international competitiveness. Section three provides a summary of the main instruments of export incentives that are widely used worldwide and will be appropriate for Syria to implement. Section four reviews the export incentives currently implemented and identify its weaknesses. Based on the discussions in sections three and four, section five suggests options for Syria to strengthen its export incentive policies. The final section presents the main conclusions and proposes steps for moving forward.

Bibliographic Details

Main Author:	Yagci, Fahrettin
Format:	Foreign Trade, FDI, and Capital Flows Study biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2010-06
Subjects:	ADMINISTRATIVE PROCEDURES, ADVERSE IMPACT, AIRPORT, AUDITS, BENEFICIARY, BOND, BONDED WAREHOUSES, CARS, COMPETITIVENESS INDEX, CREDIBILITY, CUSTOMS, CUSTOMS ADMINISTRATION, CUSTOMS AUTHORITIES, CUSTOMS DUTIES, CUSTOMS PROCEDURES, CUSTOMS TERRITORY, DEVELOPING COUNTRIES, DEVELOPMENT PROJECTS, DOMESTIC MARKET, DRINKING WATER, ENVIRONMENTAL, EXCISE TAXES, EXPORT COMPETITIVENESS, EXPORT DIVERSIFICATION, EXPORT GROWTH, EXPORT INCENTIVE, EXPORT INCENTIVES, EXPORT MARKET, EXPORT PROCEDURES, EXPORT PROCESSING, EXPORT PROCESSING ZONE, EXPORT PROCESSING ZONES, EXPORT PROMOTION, EXPORT SALES, EXPORT SECTOR, EXPORTERS, EXPORTS, FINANCIAL INCENTIVES, FINANCIAL MARKET, FISCAL BURDEN, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN MARKETS, FRAUD, FRAUDULENT TRANSACTIONS, FREE IMPORTATION, FREE IMPORTS, FREE PORTS, FREE TRADE, FREE TRADE ZONES, FREE ZONE, FREE ZONES, GLOBAL ECONOMY, GLOBAL TRADE, HOST COUNTRIES, HOST COUNTRY, IMPORT COMPETITION, IMPORT DUTIES, IMPORT DUTY, IMPORT REGIME, IMPORTS, INCOME TAX, INDUSTRIALIZATION, INSTRUMENT, INTERMEDIATE INPUTS, INTERNATIONAL AIRPORT, INTERNATIONAL MARKETS, INVESTMENT CLIMATE, ISSUANCE, LABOR FORCE, LABOR MARKET, LABOR STANDARDS, LACK OF TRANSPARENCY, LEVIES, LIABILITY, LOCAL ECONOMY, LOCAL MARKET, MARKET EFFICIENCY, MARKET SIZE, MOST FAVORED NATION, NATIONAL ECONOMY, NON-TARIFF BARRIERS, OIL, OIL SECTOR, PHYSICAL SECURITY, POLICY ENVIRONMENT, POST OFFICES, PREFERENTIAL TREATMENT, QUALITY OF TRANSPORT, QUALITY OF TRANSPORT SERVICES, RAILROADS, REGULATORY FRAMEWORKS, RISK MANAGEMENT, ROAD, ROADS, STREETS, TAX, TAX EXEMPTION, TAX EXEMPTIONS, TAX POLICIES, TECHNICAL ASSISTANCE, TRADE FACILITATION, TRADE LOGISTICS, TRADE POLICY, TRADE POLICY REFORM, TRADE REFORMS, TRADE REGIME, TRADE ROUTES, TRANSACTION, TRANSACTION COSTS, TRANSIT, TRANSIT TRADE, TRANSITION COUNTRIES, TRANSPARENCY, TRANSPORTATION, TRANSPORTATION NETWORKS, TRIPS, VALUE ADDED, WAREHOUSE, WORLD TRADE, WTO,
Online Access:	http://documents.worldbank.org/curated/en/2010/06/16282009/improving-export-incentives-free-zone-system-syria http://hdl.handle.net/10986/12570
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