OCTOBER 27, 2014 (REFERRING TO THE NATIONAL NEWS AGENCY – LEBANON) Minister of Economy and Trade Alain Hakim participated on top of a Lebanese economic delegation in the meeting of the Council of Chairmen of Franco-Lebanese companies held on Monday in Paris upon the invitation “MEDEF International”.
The Minister said in his speech during the meeting that the strategic economic vision of Lebanon had changed and stressed the need for separation between politics and Economy, following the example of Western countries.
He highlighted the importance of investment in Lebanon, particularly in light of the increase in consumption supported by remittances made by Lebanese immigrants.
According to the Minister, Lebanon has three strengths, namely the competence of its workforce, and the geographical and economic freedom it enjoys, in a context of respect for international laws, which encourages investors including French ones.
Hakim praised the role of France in boosting exchange with Lebanon, noting that the country ranks third in the field of exports to Lebanon.
Finally, he assured that “the oil and gas resources represent a significant potential for Lebanon and provide means that would help the country increase investment and reduce the public debt.”
SOURCE: NATIONAL NEWS AGENCY- LEBANON