Al-Hoss: We are addressing economic and social issues
Lebanon-International, Economics, 8/13/1999

Lebanese Prime Minister Salim al-Hoss has asserted that Lebanon is trying to comprehend the results of the new world economic policy through preparing the necessary social and economic structures to cope with these developments and to benefit from available opportunities in this regard.

He added: "Our vision for the future stems from our long experience which is based on our belief in the principles of our open and free economy to the world," adding that the government has completed its openness policy by undertaking reform strides in order to strengthen the competitive capabilities of Lebanon.

In this context, the Lebanese premier added that the government has approved a financial reform program and is now preparing a financial development plan to cope with the new international environments, through eliminating obstacles impeding fruitful investment, which is conducive to economic growth.

Al-Hoss added, "Opening Arab, European and world markets would contribute to encouraging our local exports, facilitate technology transfer and expertise exchange between establishments and individuals in these countries," a matter which will help in "backing our production sector."

Al-Hoss added, "We view globalization as a dynamic force in order to achieve social and economic growth in the third world countries," saying that the success of globalization requires intensive regional and international cooperation.

The Lebanese premier's statements were made at the inauguration ceremony of the ministerial meeting for the Asian Group of 77 at the UN headquarters of ESCWA in Beirut in preparation for UNCTAD's 10th conference, which will be held in Thailand in February 2000.

Present at the inauguration ceremony were several Lebanese ministers, ministers concerned from Bahrain, Bangladesh, China, India, Indonesia, Iran, Iraq, Jordan, Korea, Kuwait, Palestine, the Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Syria, Thailand, the UAE, Vietnam, Yemen, UNCTAD's secretary general and many observers and representatives of regional, international and non-governmental organizations.

Previous Stories:
  Lebanon, World Bank sign agreement   (8/11/1999)
  Lebanon to host Asian meeting of Group of 77   (8/7/1999)
  Iran pledges to pay costs of reconstructing all destroyed bridges in south Lebanon   (8/6/1999)

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