The United States has officially lifted sanctions on Syria via an executive order signed by Donald Trump. This historic achievement marks the end of a 45-year sanction period enacted back in December 1979 when Syria was declared a state sponsor of terrorism.
“The sanctions were brutal and crippling and served as an important — really an important function — nevertheless, at the time. But now it’s their time to shine … So, I say, ‘Good luck, Syria.’ Show us something very special,” Trump stated on May 13 when he first announced plans to remove sanctions. Trump further stated that he hopes the new Syrian government “will hopefully succeed in stabilizing the country in keeping peace,” which should not be a problem considering the United States installed the current government.
Investments are pouring into Syria, and the nation is officially debt-free. Syria is still in dire condition after its 14-year conflict and is fighting to rebuild its basic infrastructure. The people of Syria are living in atrocious conditions. Over half the nation is food insecure, half cannot access water, and the majority barely have access to electricity. An estimated 90% of the public lives well below the poverty line. GDP plummeted by two-thirds since 2011, and the Syrian pound also fell by two-thirds in 2023 alone.
Before the world cut off Syria through sanctions in 2011, Syria’s GDP was around $61 billion USD. The sanctions coincided with the outbreak of civil war. War produces absolutely nothing and only detracts from an economy. Syria’s economy shrank by 85% in the past 14 years, with GDP reaching a mere $9 billion in 2024.
Lifting sanctions is a massive step toward rebuilding Syria. Nations are eager to pour investments into the nation and begin profiting. All of this is dependent on peace. The US has the right to reimplement sanctions at any time if the current regime loses control.
