U.S.-Syria Business Council Aims to Enhance Trade Relations
U.S.-Syria Business Council Aims to Enhance Trade Relations
On June 25, 2025, the U.S.-Syria Business Council (USSBC) was formally established in Washington, D.C., marking a significant step to strengthen commercial and financial connections between the United States and Syria. Founded as an independent, nonprofit trade association, the council aims to revitalize economic relations amid a backdrop of shifting global dynamics and an evolving political landscape.
This pivotal initiative follows a crucial meeting between U.S. President Donald J. Trump and Syrian interim President Ahmed Al-Sharaa, where the announcement of sanctions relief symbolized a renewed commitment to fostering constructive engagement between the two nations.
During the launch of the USSBC, Dr. Nedal Alchaar, Syria's Minister of Economy and Industry, emphasized the importance of this initiative, stating, “At a time when we are witnessing remarkable global transformations, we must appreciate and respect the noble stance of the United States of America toward Syria.” He expressed optimism for Syria's resurgence as an active partner in economic development.
To kickstart its operations, the USSBC hosted an inaugural banking roundtable, featuring over 15 major U.S. and international financial institutions, alongside five leading private banks from Syria and representatives from the Central Bank of Syria. This gathering also included officials from the United States, United Kingdom, European Union, and United Nations, indicating a collective effort to rebuild institutional trust and explore avenues for financial collaboration.
Sameer Saboungi, a founding member of the USSBC, remarked, “This roundtable marked an important and necessary first step in reopening dialogue between both sides.” He noted the significance of restoring confidence in Syria’s banking sector and facilitating the flow of capital.
The USSBC’s mission centers on accelerating trade, promoting scientific and professional exchanges, and supporting cross-border investments that will be crucial for Syria's reconstruction and growth. The council plans to implement various activities, including trade missions, investment forums, and export-import advisory services, tailored to support companies looking to operate in both economies.
The Board of Directors of the council comprises influential figures from different sectors, such as law, finance, technology, and business. Prominent members include:
- - Jay Salkini, Founder and CEO, Tecore Networks
- - Issam Ghreiwati, President, Damascus Chamber of Commerce
- - Abdulhamid Akel, Co-Founder and CEO, T-Cetra
- - Bassel Yassine Ojjeh, CEO and President, LigaDATA
- - Markie Britton, Co-Founder, Ammoora Hospitality
- - Dr. Ghassan Abboud, DDS, Founder, 1st Family Dental and 1FD Implant Center
- - Sameer Saboungi, Attorney and Policy Expert
- - Kamal Haykal, Attorney, Co-Founder and CEO, Officelogix
- - Louay Homsi, Financial & Tax Expert, Managing Partner, InnoTech Global Consulting
Jay Salkini emphasized the USSBC's critical role in facilitating investments in Syria, citing his company’s pioneering entry into the Syrian telecom sector as a prime example of the engagement the council aims to foster. He expressed hope that this milestone will pave the way for deeper economic ties centered on mutual prosperity.
Furthermore, Issam Ghreiwati highlighted the council's potential to create a robust platform for trade and economic partnership between Damascus and Washington, stating, “The council represents a promising economic platform to support Syria’s rebuilding phase.”
As the USSBC embarks on its mission, it calls upon businesses, investors, and institutions to collaborate in this transformative chapter for U.S.-Syria economic cooperation. The council aims to provide a trusted platform for knowledge exchange and strategic insights, enabling stakeholders in both countries to capitalize on long-term economic opportunities.
For those interested in learning more or getting involved, the USSBC encourages reaching out via their website ussyriabc.org. The establishment of the USSBC underscores a hopeful endeavor to revitalize U.S.–Syria relations, focusing on economic growth and collaborative access to markets vital for each nation’s progress.
Topics General Business）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.