Switzerland Signs Economic Cooperation Accord With Lebanon
Switzerland and Lebanon signed an economic cooperation agreement on Tuesday
which will pave the way for increased trade and exchange in commercial
expertise between the two nations, according to their respective representatives. “Switzerland is among our first partners in foreign commercial relations, as
it comes on top of the list of countries that import from Lebanon,” said Lebanese
Economy and Trade Minister Marwan Hamade. “Our exports to Switzerland represent
13 percent of Lebanon’s overall exports. This relatively good figure confirms
that some valuable exports could push Lebanese exports a step forward in the
West,” he added. David Syz, Swiss Minister of Economic Affairs, who put pen to paper on behalf
of Switzerland, commented that the move would be a big step towards Lebanon's
goal of joining the WTO, adding: “it also longs for signing a free-trade agreement
with Lebanon in the future.” .
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