Complex Made Simple

Syria crisis costs Lebanon $150m in 2012 exports

Lebanon's state-run Export Development Council has warned that an imminent crisis would hit the industrial and agricultural sectors if the government failed to secure export routes bypassing Syria, The Daily Star has reported. Lebanon has lost around $150m in exports since the beginning of 2012, and industrial exports were particularly affected by the deteriorating situation in neighbouring Syria, said head of the council, Khaled Farshoukh. Some "40% of all our exports are transported through Syria. The figure stands at over $1.5bn," he said.