Iraq-Lebanon Talks Aim to Ease Trade and Cut Transport Costs

By John Lee.

Iraq and Lebanon have held talks on expanding trade, reducing logistics costs, and activating free trade agreements between the two countries.

Lebanon's Minister of Economy and Trade, Dr Amer Bissat, visited Baghdad on Monday for discussions with the head of Iraq's Border Ports Commission (BPC), Lieutenant General Dr Omar Adnan Al-Waili.

The Lebanese delegation included Ambassador Khalil Abdullah Mohammad and representatives of Lebanese chambers of commerce, trade unions, and the private sector.

According to the BPC, discussions covered a proposal to allow Lebanese goods to enter Iraq exclusively via Lebanese trucks through the Al-Qaim and Trebil [Tarbeil] border crossings. The two sides also discussed activating a transit system between the two countries to allow greater flexibility in goods transport.

Other topics included measures to reduce freight costs from Lebanon to Iraq and streamline border procedures to facilitate the movement of Lebanese products into Iraqi markets.

(Source: BPC)

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