Lebanon develops volume of trade with Syria and Kuwait
Lebanon-Kuwait, Economics, 10/6/1998

Lebanon and Kuwait agreed to developing commercial cooperation between them through gradual removal of customs fees posed on locally-manufactured industrial products during the coming four years.

Lebanese sources said today that the agreement instituted a time schedule to reduce fees on industrial products at a rate of 25% annually.

The Lebanese - Kuwaiti agreement coincided with a Syrian resolution according to which Lebanese companies were granted a reduction of nearly 7% on advertising costs for their products in the Syrian governmental mass media within many steps that aim at improving commercial relations between the two states.

Previous Stories:
  Removing all custom barriers between Lebanon and Kuwait by 2001   (9/21/1998)
  Egypt and Lebanon sign 3 agreements for free trade zone   (9/11/1998)
  Lebanon ratifies custom agreement signed with Syria   (8/21/1998)

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