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id MUALEM chancery: 2215 Wyoming Avenue NW, Washington, DC 20008 telephone: [1] (202) 232-6313 FAX: [1] (202) 234-9548 Diplomatic representation from the US: chief of mission: Ambassador Christopher W. S. ROSS embassy: Abou Roumaneh, Al-Mansur Street No. 2, Damascus mailing address : P. O. Box 29, Damascus telephone: [963] (11) 333-2814, 333-0788, 332-0783 FAX: [963] (11) 224-7938 Flag description: three equal horizontal bands of red (top), white, and black with two small green five-pointed stars in a horizontal line centered in the white band; similar to the flag of Yemen, which has a plain white band and of Iraq, which has three green stars (plus an Arabic inscription) in a horizontal line centered in the white band; also similar to the flag of Egypt, which has a symbolic eagle centered in the white band Economy Economy - overview: Sheltered from the pressures of the international marketplace for almost three decades, Syria's predominantly statist economy is on a weak footing because of Damascus's failure to implement extensive economic reform. After an economic rebound in the early 1990s in the wake of the Persian Gulf war, economic growth has slowed as the traditionally volatile economy has once again slumped. Current account and budget deficits and inflation are increasing. The dominant agricultural sector remains underdeveloped, with roughly 80% of agricultural land still dependent on rain-fed sources. Although Syria has sufficient water supplies in the aggregate at normal levels of precipitation, the great distance between major water supplies and population centers poses serious distribution problems, and the water problem is exacerbated by rapid population growth, industrial expansion, and increased water pollution. Unemployment remains a nagging problem because about 60% of the population is under the age of 20, ensuring a steady flow of job seekers into the already tight labor market. Private investment is critical to the modernization of the agricultural, energy, and export sectors, particularly because Damascus is saddled with a heavy foreign debt. Oil production is leveling off, and the efforts of the nonoil sector to penetrate international markets have fallen short. Syria's inadequate infrastructure, outmoded technological base, and weak educational system hamper competition with neighbors such as Jordan and Israel. The dominant public sector continues to be plagued by labor, financial, and
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