The government will sign a trade agreement with Mercosur, a trading bloc and a full customs union in South America, on December 17.
The deal would provide some customs exemptions in that region and open new trading opportunities between Lebanon and Latin American countries.
The Foreign Ministry of Lebanon and seven representatives from Mercosur will meet in Argentina for the signing.
“The agreement will give access to 300 million people living in 15 million square meters,” said Ricardo Larriera the Ambassador of Argentina to Lebanon. “It’s a very new opportunity to develop the country’s foreign trade.”
Mercosur comprises Argentina, Brazil, Paraguay, Uruguay and Venezuela. Its associate countries are Chile, Bolivia, Colombia, Ecuador and Peru. New Zealand and Mexico are observer countries. Mercosur’s purpose is to promote free trade and the fluid movement of goods, people and currency.
Reported by Leila Rahbani
Date Posted: Nov 11, 2014