Syria’s transitional authority calls for lifting of sanctions
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 December 2024
⏱️ 8 minutes
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Summary
From the BBC World Service: The rebels running Syria are assuring the country’s business community that they will embrace a free market economy and push to reconnect with global markets. A judge in Brazil has ordered Adele’s record labels to stop distributing the song “Million Years Ago” because of similarities to a Brazilian song by Martinho da Vila. And, we hear how Valencia, Spain is starting to rebuild after October’s disastrous floods.
Transcript
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| 0:00.0 | Catafree market helps Syria overcome decades of isolation. |
| 0:05.7 | Life in the UK. |
| 0:06.8 | This is the Marketplace Morning Report from the BBC World Service. |
| 0:10.1 | I'm Leanna Byrne. Good morning. |
| 0:11.9 | Let's start in Syria, where the country's new transitional authority is calling on Western nations to lift longstanding sanctions that were imposed during the rule of the Assad family. |
| 0:21.8 | For years, European nations enforced bans on the sale of weapons and oil to Syria, |
| 0:26.8 | as well as on investments in the country. |
| 0:29.1 | But the rebels who now run Syria are assuring the country's business community |
| 0:33.1 | that it will embrace a free market economy and push to reconnect with global markets. |
| 0:38.2 | Shawee is president of the International Chamber of Commerce in Syria. |
| 0:42.2 | His family have been in business for more than a century, |
| 0:45.5 | running pharmaceutical, paper and industrial companies. |
| 0:48.8 | He says that if Syria is going to become a free market economy, |
| 0:52.1 | overcoming corruption is key to its success. |
| 0:55.7 | The problem, we always had regulation which were in the gray area. And whenever you are in a |
| 1:02.9 | gray area, you have a huge opportunity of corruption. We had so many invisible expenses which were killing us, you know, starting from the customs |
| 1:15.0 | to the Ministry of Finance, to the Ministry of Economy, and so on and so forth. |
| 1:20.5 | As a matter of fact, all this has been abolished already. |
| 1:23.7 | A big part of it has been abolished. |
| 1:26.3 | So this will give us more space to work. And by |
| 1:30.5 | definitions, the corruption is going to go down. And it's not just corruption. He says Western |
| 1:35.6 | sanctions remain a massive roadblock for the country right now. Sanctions helps the parallel |
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