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Lebanon Free Trade Agreements

Agreements between economic operators of the Parties and the abuse of a dominant position by economic operators of the Contracting Parties shall be incompatible with the Agreement where they affect trade between the EFTA States and Lebanon. In such a case, a Party may refer the matter to the Joint Committee and take appropriate measures in the absence of agreement between the Parties concerned. The Agreement also provides for an exchange of information between the Contracting Parties on the application of their competition law. An interactive list of bilateral and multilateral free trade instruments is available on trend analytics. [59] The Parties shall endeavour to progressively liberalize and open their markets to each other`s trade in services, in accordance with the provisions of the General Agreement on Trade in Services (GATS). In addition, the EFTA States and Lebanon will consider granting each other additional benefits that both parties may grant to a third party. The EU-Lebanon Association Agreement has progressively liberalised trade in goods between the EU and Lebanon. Its gradual implementation was planned between 2008 and 2014 and Lebanese industry and most agricultural products benefit from free access to the EU market in order to create a bilateral free trade area. Until 1 March 2015, all industrial products originating in the EFTA States have duty-free access to Lebanon. Lebanese exports to the EFTA States are exempt from customs duties from the entry into force of the Agreement. Switzerland (which has a customs union with Liechtenstein, which is sometimes included in agreements) has concluded bilateral agreements with the following countries and blocs:[41] The parties agree to apply their sanitary and phytosanitary rules without discrimination and not to apply new measures that have the effect of unreastructing trade.

The Eurasian Economic Union, composed of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded the following free trade agreements, see below. Lebanon has strengthened its openness to international trade by signing an Association Agreement with the EU, working at the WTO and signing a free trade agreement with the Gulf Cooperation Council (GCC) in May 2004. On the other hand, the share of trade in GDP has gradually decreased in recent years, reaching nearly 63% in 2018, according to the World Bank. Lebanon mainly exports minerals (gold), electrical and electronic equipment, printed matter, sugar, diamonds, jewellery, petroleum products, pharmaceuticals and food preparations. The country mainly imports mineral fuels, vehicles, medicines and pharmaceuticals, gold, diamonds, live cattle, metal products, electrical equipment and vehicle parts and accessories. Lebanon`s main export partners are South Africa, Saudi Arabia, the United Arab Emirates, Syria and Iraq. The main importing partners are the EU (mainly Italy, Germany, Greece and France), China and the United States. The war in Syria, the decline in demand from countries in the region and the economic and political crisis in Lebanon are having a negative impact on Lebanese exports. The shortage of foreign exchange is also expected to dampen imports. The country`s trade balance is structurally in deficit, a trend that is expected to deteriorate. According to the WTO, Lebanese merchandise exports fell to $3,830 million in 2018, while imports rose to $20,396 million due to the expanding trade deficit. According to preliminary data from Lebanese Customs, exports reached $16,992 million in the first ten months of 2019, while imports reached $4,000 million.

The pan-Euro-Mediterranean system of cumulation of origin was introduced in 2005. .

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