Thursday, August 2, 2012

Lebanon loses out in exports with its biggest customer in crisis

BEIRUT: Lebanon has lost around $150 million in exports since the beginning of 2012, the head of the state-run Export Development Council was quoted as saying Wednesday.

Khaled Farshoukh warned that an imminent crisis would hit the industrial and agricultural sectors if the government failed to secure export routes bypassing Syria, were the security situation has been deteriorating since an uprising started March 2011.

“[Lebanese exports would face] a disaster if border crossings with Syria become completely closed,” the National News Agency quoted Farshoukh as saying.

The port of Beirut
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Source: http://www.albawaba.com/business/syria-crisis-lebanon-436658

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