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Lebanon and EU focus on barriers to Lebanese exports

19-7-2017

The foreign minister Jibran Bassil and the high representative of the Union for Foreign Affairs and Security Policy, EU vice-president, Federica Mogherini, held yesterday the 8th EU-Lebanon Association Council, the highest reporting institution on bilateral relations. Present on the Lebanese side, were economy minister, Raed Khoury, industry minister, Hussein Haj Hassan and minister of social affairs, Pierre Abu Assi. Discussions focused on regional matters, primarily the Syrian conflict and resulting refugee crisis and the need to assist Lebanon through the promotion of trade exchange between the host country and the European Union through the application of a joint working plan. The latter aims to ease obstacles impeding the export of specific products and introduce amendments on rules of origin regulating access of a number of made-in-Lebanon goods, like, industrial, agricultural, pharmaceuticals and IT products in order to generate new jobs and enhance conditions for investment. On the other hand, Bassil received from the representative of the European Bank for Reconstruction and Development (EBRD ) the ratification document by which Lebanon officially becomes a member of the European Bank (EBRD) and which enables the EBRD to implement projects in Beirut as well as to offer soft loans to the country. To note, the bank will focus on small and medium enterprises and will support energy projects. (Al Mustaqbal, Al Diyar, July 19, 2017)

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