Syrian government describes move as 'positive development' that could ease humanitarian and economic hardships.
The United States Treasury Department has decided to remove Syria from the list of sanctioned countries under the Code of Federal Regulations.
This decision comes after President
Donald Trump's order in June to terminate the national emergency that underpinned the restrictions.
As a result, sanctions dating back to 2004 and expanded during years of conflict will no longer apply.
American companies are now officially allowed to conduct business with Damascus.
Syria's Ministry of Foreign Affairs released a statement welcoming this move, stating it should facilitate trade, financial transactions, and US exports while opening new avenues for economic and trade cooperation between the two nations.
The lifting of sanctions is expected to improve the humanitarian and economic conditions of the Syrian people.
The decision coincides with the visit of a second official US congressional delegation to Damascus.
Senator Jeanne Shaheen, Representative Joe Wilson, and Ambassador Tom Barrack, the US president's special envoy for Syria, led the delegation.
Meetings between the delegation and President Ahmad al-Sharaa focused on strengthening bilateral ties and exploring areas of cooperation.
The Syrian Ministry of Foreign Affairs noted that these developments indicate growing support within Congress for the full lifting of sanctions.
There are ongoing efforts to repeal the 2019 Caesar Act before the end of the year.
US officials have stated that while sanctions are being lifted, Congress must still act to formally repeal the Caesar Act.
The Syrian government has expressed its readiness to continue dialogue with international partners on the basis of sovereignty and mutual respect.
Their aim is to ensure stability and prosperity for both the Syrian people and the wider region.