LEBANON’S EXPORTS LOSE 10 BILLION USD IN FIVE YEARS DUE TO SYRIAN WAR
BEIRUT, Lebanon, Lebanese exports lost 10 billion U.S. dollars in the past five years, due to the Syrian war, said Caretaker Industry Minister, Hussein Hajj Hassan.
Hassan was quoted by Elnashra news agency, during an event held in Baalbeck to discuss economic challenges facing Lebanon. Lebanon’s exports suffered heavily following the closure of the Nasib border.
On Apr 1, 2015, Jordan closed its border with Syria, following heavy clashes between rebels and Syrian government forces near the Nasib crossing.
As the only functioning crossing between Jordan and Syria, Nasib is vital for the transport of goods from Lebanon and Syria, to Jordan and the Gulf states.
However, after a three-year closure, Syrian government forces, on July 6, took control over the major crossing point on the Nasib border with Jordan. Representatives of different economic sectors in Lebanon, and Lebanese officials voiced their optimism regarding the reopening of the Nasib border.
Caretaker Agriculture Minister, Ghazi Zeaiter, said, the Lebanese economy will improve following the reopening of the Nasib border. “I am in contact with Syrian officials and I will be visiting Syria soon, to discuss the need to take measures that would allow the Lebanese to export their products again, through the Nasib border,” he said.
Meanwhile, Hajj Hassan emphasised the need by the government, to adopt a strategy, to enhance the performance of different economic sectors, such as agriculture and industry in Lebanon.
Source: NAM NEWS NETWORKhttps://syrianewsgazette.com/lebanons-exports-lose-10-billion-usd-in-five-years-due-to-syrian-war/General