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Lebanon and Syria signed 17 bilateral agreements in the fields of investment protection, taxation, shipping, tourism, pharmaceuticals, the environment, agriculture, health, public works, as well as consumer protection, justice, education and culture.
The two sides also agreed to develop mechanisms to facilitate the flow of goods, with the aim of establishing a common market between the two countries.
Syria is Lebanon’s 18th largest import market and accounted for 1.6%, or $71.3m, of total Lebanese imports in the first quarter of this year, while it is the sixth largest export destination of Lebanese exports and accounted for 5.9%, or $60.5m, of total Lebanese exports during the same quarter.
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