The United States has formally removed Syria from its list of state sponsors of terrorism, opening the door to new economic opportunities for the war-torn country after years of sanctions and international isolation.
In an address on Tuesday morning, Syrian President Ahmed al-Sharaa welcomed the U.S. decision, saying it would allow Syria to move beyond years of crisis and embark on a new path toward development, reconstruction and economic recovery.
Syria’s economy and infrastructure have suffered extensive damage during more than a decade of civil war. One of the country’s biggest challenges now is attracting foreign investment to finance reconstruction and revive key sectors of the economy.
Relations between Washington and Damascus have gradually shifted since the fall of former President Bashar al-Assad. The latest decision follows a broader U.S. effort to ease major economic restrictions imposed on Syria.
President al-Sharaa thanked U.S. President Donald Trump, as well as countries that supported Syria during the crisis, for the developments.
U.S. Secretary of State Marco Rubio said removing Syria from the list would eliminate important obstacles to domestic and foreign private-sector investment. Washington believes the move could create greater opportunities for the Syrian economy to recover and reconnect with international markets.
Syrian Foreign Minister Asaad al-Shaibani described the U.S. decision as a “historic milestone.” Business and economic officials in Syria are hopeful that the easing of sanctions will help increase access to international financing, modern technology and foreign investment.
Analysts say Washington’s decision could play a significant role in Syria’s reintegration into the global economic system. However, rebuilding the war-ravaged country, maintaining political stability and creating a secure environment for investors will remain major challenges.
The removal from the terrorism list is therefore being viewed as an important step, but its long-term economic impact will depend on how effectively Syria can translate the easing of restrictions into reconstruction, investment and sustainable growth.
Source: Al Arabiya