Economic cooperation agreement with China

Following Lebanon’s expressed desire to join the new Silk Road initiative (refer to below links), the head of the Federation of Chambers of Commerce, Industry and Agriculture in Lebanon, Mohamad Shucair, signed on Tuesday an agreement with the head of the Arab Chinese Cooperation and Development Association, Qassem Tufeili, to boost economic ties between Lebanon and China. The agreement aims specifically to increase Lebanese exports, benefit from the Silk Road programs and expand the exchange of expertise and information between companies in both countries. Following the signing the bureaucracy, Shucair disclosed that there are many prospects yet to be explored, pointing out that China is in need of made-in-Lebanon products and is ready to invest billions of dollars in our country. Shucair also underlined the importance of increasing Lebanon’s food and agricultural exports to Chinese markets, benefit from Silk Road investment programs and activate collaboration between the private sector in the two countries. For his part, Tufeili stressed that his association seeks through above agreement to follow up on commercial and economic matters of interest for Lebanon and China. (Al Mustaqbal, December 12, 2018)

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