President Michel Aoun met with the British prime minister’s trade envoy to Lebanon in Baabda Palace Tuesday to discuss developing partnerships between the two countries, especially in the fields of business and investment.
According to a presidential statement, Aoun stressed that partnership between Lebanon and Britain “strengthens bilateral relations between the two countries” and “ensures the smooth running of businesses, companies, and investments.”
Aoun added that the economic system in Lebanon is “free and open to cooperate with those who wish to cooperate with us and commit to development projects,” and expressed his hope that British companies would be interested in the opportunities available in Lebanon, especially in the services and technology sectors.
The envoy, Richard Spring – who goes by the honorific Lord Risby – said that his visit to Beirut underlines the importance of Lebanon’s position to Britain. He also highlighted the U.K.’s determination to further develop economic cooperation with Lebanon in all sectors.
Last month, the two countries signed their first bilateral trade agreement, the U.K.-Lebanese Association Agreement. In addition to offering preferential trade terms, the agreement specifies the liberalization of trade on industrial and agricultural products.
It also offers certainty for Lebanese and British businesses and consumers that trade will not be disrupted by the U.K.’s looming withdrawal from the European Union.
The Daily Star