Complex Made Simple

Trade exchange between Lebanon and Egypt falls 14 per cent in 2014

Legislation proposed by Egyptian President will lead to development of economic relations and provide opportunity for investors

The trade growth rate between Lebanon and Egypt declined by 14 per cent in 2014, reveals Dr Alan Hakim, Minister of Economy and Trade, during his speech at the Egyptian-Lebanese Business Forum.

The minister explains that the goal of the business forum is to activate joint action, hold bilateral meetings in order to determine the difficulties encountered in the development processes and to develop a joint work programme to support the projects and investments in banking, industrial, agricultural and real estate development sectors.

The minister stresses that the economic legislation proposed by the Egyptian President Abdel Fattah El-Sisi will lead to the development of economic relations and provide an opportunity for investors to set up multiple projects, Aliqtisadi reports.

It is worth mentioning that the Lebanese ministers of Industry, Economy and Agriculture recently stressed the need to strengthen economic relations with Egypt, increase the trade exchange and investment, and overcome the obstacles for trade between the two countries.