Turkey, Lebanon to sign free trade agreement

Turkey and Lebanon expressed their will to sign an agreement for free trade between them in order to find a good environment to enhance their bilateral trade and investment ties.

During a meeting with the Turkish State Minister for Foreign Trade Affairs, Kursad Tuzmen, Lebanese Economy and Trade Minister, Marwan Hamadeh, who pays a visit to Turkey, Tuesday said that both sides will reach a free trade agreement adding that the signing ceremony will be done during the expected visit of Lebanese Prime Minister Rafic Hariri to Turkey during the forthcoming months.

He stressed that both sides will also sign an agreement of avoiding double taxation and of encourage investment.

Tuzmen, for his part, said that his country seeks to sign the free trade agreement in order to create the suitable environment of enhancing trade between the two countries. He added that both sides seek to increase the volume of trade exchange and to make the Mediterranean region a free trade zone.