Lebanon industry present at Fancy Food Show in NYC

The Investment Development Authority of Lebanon (IDAL) represented by its chair, Nabil Itani, inaugurated on Friday the Lebanese pavilion at the Summer Fancy Food Show in New York City with the contribution of a crowd of industrialists and owners of agro-food industries. In his opening address, Itani stressed the significance of this move by IDAL to support the participation of the largest number of industries in such exhibitions. The US market, he maintained, looks very promising in terms of its scale and the extensive presence of Arab and Lebanese communities, in addition to the exemption from customs that the Lebanese exports enjoy when entering the US. Outlining a number of objectives from partaking in the Fancy Food Show event, Itani said it introduces and increases the exports to US markets of made-in-Lebanon goods, familiarizes Lebanese industries with top notch production and packaging applications and creates an exchange platform between exporters and commercial centers in the Americas. IDAL president disclosed that as many Lebanese food products now boast high quality and food safety standards and are very competitive, they get wider access to multiple outlets around the globe. Moreover, the agro-food sector has demonstrated resilience over the years due to many positive factors which allowed it to achieve a quantum leap in the past few years, (accounting for nearly 2.6% of GDP), Itani noted. (Al Diyar, July 1, 2017)

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