Trade and Business in Lebanon

The objectives of the subject “Foreign Trade and Business in the Lebanese Republic” are the following:

1. To analyze the Lebanese Economy and Foreign Trade;
2. To know the business opportunities in the Lebanese Republic;
3. To explore the Lebanese trade relations with the country of the student;
4. To know the Lebanese Free Trade Agreements (FTAs);
5. To examine the profile of Lebanese companies;
6. To develop a business plan for the Lebanese market.

The Subject “Foreign Trade and Business in Lebanon” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): Islamic Business, World Trade.

Learning materials in or Libano Liban.

1. Credits of the subject “Foreign Trade and Business in Lebanon”: 2 ;
2. Duration: two weeks.

Lebanese Preferential Access and Free Trade Agreements:

1. Lebanon and the Arab Economic Area;
2. Greater Arab Free-Trade Area (GAFTA);
3. European Union-Lebanon Association Agreement
   1. Euro-Mediterranean Partnership.
4. Trade Agreements with Turkey, Syria, Kuwait, Egypt..;
5. United Kingdom-Lebanon Free Trade Agreement (FTA);
6. European Free Trade Association-Lebanon Free Trade Agreement;
7. Islamic Trade Preferential System (TPS-OIC).

Trade Facilitation Programs.

1. World Trade Organization (WTO) (in process of accession);
2. Customs Convention on Containers (CCC, UN);
3. International Maritime Organization (IMO)
   1. Convention Relating to Temporary Admission (Istanbul Convention) - not a member.
4. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
5. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
6. Convention concerning International Carriage by Rail (COTIF);
7. International Bureau of Containers and Intermodal Transport (BIC);
8. International Civil Aviation Organization (ICAO, Chicago Convention);
9. International Road Transport Union (IRU)
   1. TIR Convention;
   2. Guidelines on Safe Load Securing for Road Transport.
10. Is not a member of the World Customs Organization (WCO)
    1. Revised Kyoto Convention (RKC).

Islamic Organizations:

1. Arab League (LAS);
2. Summit of South American-Arab Countries (ASPA);
3. Asia-Middle East Dialogue (AMED);
4. Islamic Development Bank (IsDB);
5. Economic Social Commission for Western Asia (ESCWA);
6. Organization of Islamic Cooperation (OIC)
   1. tanding Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC);
   2. Islamic Chamber of Commerce and Industry (ICCI);
   3. Islamic Centre for Development of Trade (ICDT);
   4. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC).
7. Afro-Arab Cooperation;
8. Arab Bank for Economic Development in Africa (BADEA);
9. Arab Development Funds;
10. Arab Trade Financing Programme (ATFP).

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. Commission on International Trade Law (UNCITRAL);
   4. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF).

The Lebanese Republic:

1. With 5.8 million people, Lebanon has 75% of Muslim population and 25% of Christians;
2. The Lebanese Republic shares borders with Syria and Israel;
3. Arab and French are the official languages in Lebanon;
4. The capital of the Lebanese Republic is Beirut (1.8 million people), an important regional foreign trade Port;
5. The main Lebanese cities are Beirut, Baabda, Saida, Baalbek, Zahle, Tripoli, and Nabatiyeh;
6. The headquarters of the Economic and Social Commission for Western Asia (ESCWA) are in Beirut (Lebanon);
7. Independence of Lebanon: 1946 (from France);
8. Lebanese Government: Parliamentary Democracy;
9. Area of Lebanon: 10,452 square kilometers;
10. Human Development Index of Lebanon: 0.765.

Religion in Lebanon.

1. Islam Sunni is the main religion in Lebanon (75% population), the largest school of Islamic Jurisprudence is the Hanafi;
2. In Lebanon, there are about 1 million Maronites (Christians Catholics);
3. Beirut is divided between Christian and Muslim areas.

Lebanon belongs to the Arab Economic Area (Islamic Civilization).

Lebanese Economy.

1. The Lebanese agricultural sector accounts for about 7% of the GDP;
2. The Lebanese industrial sector represents 22% of the GDP and the services sector 71% of the gross domestic product, highlighting the financial and commercial sector;
3. Top Lebanese public companies: Middle East Airlines, Electricity of Lebanon, Water Company, TV Lebanon Tobacco Company, and the National Wheat and Beet;
4. Currency of Lebanon: Lebanese Pound (LBP);
5. Unemployment Rate: 13%;
6. Labour Force in Lebanon: 1.6 million people.

Foreign Trade of Lebanon.

1. Major supplier of the Lebanese Republic: The United States (11%), China (9%), France (8%), Italy (7%), and Germany (6.3%);
2. Major export destinations of the Republic of Lebanon: Switzerland, Iraq, Syria, and Saudi Arabia;
3. Machinery and electrical equipment accounted for 21% of the Lebanese exports, jewellery (13%), chemicals (11%), and food (7%);
4. Top Lebanese imports: Mineral fuels (27%), machinery (12%), transport equipment (12%), and pharmaceutical products (4%).

Sample:
Carlos Slim (Maronite of the Lebanese ascendency)

Sample:
Safra (Judaism)

Sample:

Sample:
Turkey-Lebanon Free Trade Agreement (FTA)

(c) EENI Global Business School (1995-2022)
We do not use cookies
Top of this page