Lebanese Industry Minister Wael Abou Faour called on Wednesday for the revision of free trade agreements signed between Lebanon and other countries aimed at protecting the industry sector in the country, the National News Agency reported.
The vice president of Brazil pledged to support the Arab country in entering into a free trade agreement with the Mercosur.
Hellenic Republic is found liable towards Hellenic Shipyards for more than 200 million Euros at the ICC while shareholders are pursuing the Hellenic Republic at the ICSID pursuant to the relevant Bilateral Investment Treaty.
Iskandar Safa, co-owner of the Privinvest Group, a global player in the shipbuilding industry, which took control of Hellenic Shipyards SA, submitted a request for arbitration against the Hellenic Republic at the World Bank’s ICSID.
The Arab Mediterranean free trade agreement also groups Egypt, Jordan, Morocco and Tunisia, and allows greater access to European markets.
Foreign Minister Gebran Bassil signed a free-trade agreement with the Mercosur countries of Latin America, stressing the importance of maintaining good relations with the bloc.
The Lebanese Parliament ratified an agreement between Lebanon and Syria that aims to promote private investments between the two signatory nations in each other’s territory, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group.
Lebanon and Turkey signed a free trade agreement to increase bilateral trade and expand private sector cooperation, as well as to pave the way for the establishment of a free trade zone between Lebanon, Turkey, Syria and Jordan.
Turkey and Lebanon are expected to sign several deals this week, including a partnership establishing a free-trade zone and a joint political declaration aiming toward a new high-level strategic cooperation counc
Syria, Lebanon, Turkey and Jordan announced the establishment of an economic council to follow up on creating a free trade zone among these countries.
Turkey will join an economic bloc comprising of the Middle Eastern states such as Syria, Lebanon and Jordan ahead of the protracted accession to the EU.
Turkey has embarked on the road to a “Middle Eastern Union” as an alternative to the European Union, according to some observers, after Ankara unveiled its vision for a giant free-trade zone spanning from the Bosphorus to Sudan and Morocco.
Turkey aims to create a free trade zone without visa restrictions with Syria, Lebanon and Jordan, Foreign Minister Ahmet Davutoğlu told the Turkish-Arab Cooperation Forum (TAC), which began in İstanbul on Thursday.
Turkey, Lebanon, Jordan and Syria agreed yesterday to set up a free trade zone based on “existing bilateral agreements and practices on free trade and visa exemption” between the parties, adding that Turkey and Lebanon were required to complete a bilateral arrangement before the four-way process could go ahead.
Turkey’s prime minister has urged Arab nations to unite and step-up efforts to end Israel’s blockade on the Gaza Strip.
Lebanese Prime Minister Saad Hariri said during a meeting with Turkish and Lebanese businessmen in Istanbul on Tuesday a free trade agreement between Lebanon and Turkey will soon be signed.
The prominent Lebanese human rights lawyer Dr. Muhamad Mugraby has instituted legal proceedings against the EU at the European Court of Justice invoking its obligations under Article 2 of the Association Agreement with Lebanon, commonly known as the “human rights clause”, in order to improve the human rights situation in Lebanon.
As the global financial crisis pressures economies, Lebanon’s Prime Minister Fuad Siniora said the best response to the crisis would be enhancing business relations between Turkey and the Arab world.
The president of the Association of Lebanese Industrialists questions the fate of the Arab Free Trade Agreement ten years after its actual implementation.
As Lebanon heads down the fast track to trade liberalisation, some commentators are predicting a devastating impact on small-holder farmers. Unable even to sell produce on the Lebanese market let alone for export, farmers are painfully unprepared to compete with subsidised imports. Yet little is being done to fortify the agricultural industry as the fruits of major bilateral and multilateral free trade agreements (FTAs) and liberalising reforms loom on the near horizon.