News Column

Hakim representing Salam in inauguration of regional complementarity conference: to carry on negotiations so that Lebanon joins WTO

June 12, 2014

NNA - Prime Minister, Tammam Salam, represented by Minister of Economy and trade, Alain Hakim, inaugurated on Thursday at Hilton Hotel a conference on regional complementarity, titled "the Levant: Over A New Horizon," organized by the World Bank and Middle East Businessmen Union.

In a word delivered on the occasion, Hakim shone light on the capacity of the Levant economies to face any likely crisis.

He noted that for the past decade, a number of Arab countries witnessed a critical stage that directly affected the condition of investment. But he indicated that this region also witnessed high growth rates, despite political instability, starting from Iraq war in 2003, July war in 2006, the Arab Spring, and the ongoing Syrian crisis.

Subsequently, the Minister highlighted the necessity to entrench complementarity and coordination among the Arab countries in a world of growing globalization.

"This regional complementarity requires being comprehensive; that is, it should not be restricted to goods and investments. It should actually include the trade of services, workforces, and capitals," he said.

"On the national level, we must take into consideration the situation of Lebanon that is now holding negotiations to join the World Trade Organization," he added, highlighting the necessity to carry on the negotiations.


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Source: National News Agency (Lebanon)

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