Egypt eyes new markets but Damascus trade fair marred by violence

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Egypt is aiming to tap new markets for its products during the Damascus International Fair, Deputy Chairman of the Cairo Chamber of Commerce Ali Shoukry said on Sunday.

He said Egypt's participation in the event will give momentum to economic ties between the two countries.

The Syrian government opened the country's first international trade fair since civil war broke out in 2011, an event hailed by officials as a "victory" and a sign of renewed confidence in the country after years of war.

The Damascus International Fair grounds in the Syrian capital /AFP Photo

The fair takes place in an area a few kilometers away from the rebel-held eastern suburbs of Damascus.

The proximity alone underlines Syrian President Bashar al-Assad's increasingly confident position following significant military gains on the ground in the past year.

According to state-run media, participants from 43 countries are taking part, which is expected to last for 10 days and promises to attract investors mainly from allies like Russia, China and Iran.

Syrian style "Little Damascus" in Egyptian capital Cairo /AFP Photo

Egypt, South Africa and Belarus are also taking part, and organizers say companies from the UK, France and Germany are participating, apparently in a private capacity.

The Damascus International Fair used to be a high-profile annual event, attracting major investors before the war erupted.

But its reopening has been marred by violence.

Four people were killed and over four others wounded after a mortar shell struck the site where the fair is being held, local media reported.

Authorities have yet to release details about casualties and as yet, no group or individual has claimed responsibility for the strike.

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Source(s): AP ,Xinhua News Agency