Lebanon, Egypt Sign Four Agreements

BEIRUT, Lebanon� Lebanese Prime Minister, Saad Hariri, signed Friday evening, four agreements with his Egyptian counterpart, Mostafa Madbouly, in Beirut, covering various areas, said a statement issued by the Lebanese prime minister’s office.

The agreements cover the exchange of expertise in taxation rules, between Egypt and Lebanon, Lebanon’s import of construction materials from Egypt, and the cooperation in telecom and information technology sectors, according to the statement.

The agreements were signed during a ceremony held at the Grand Serail in Beirut, in the presence of Lebanese and Egyptian officials.

We need to enable and encourage the private sectors in the two counties, to establish partnerships in the coming period, especially that there exist multiple investment opportunities in Egypt and Lebanon, Madbouly said.

The Egyptian prime minister said, Egypt is ready to help Lebanon in electricity, oil and gas projects and other areas as well.

Meanwhile, Hariri said, he discussed with Madbouly ways of removing all obstacles facing cooperation between the two sides, especially the complicated procedures of establishing businesses in Lebanon and Egypt.

Hariri also agreed with Madbouly to open a direct dialogue between ministers of the two countries, to solve any issues facing investments by businessmen in Egypt and Lebanon.

Madbouly arrived in Lebanon on Wednesday evening, in a three-day official visit, where he conducted negotiations with Lebanese officials tackling various issues.

Madbouly also participated in the Arab Economic Forum, which took place at the Four Seasons in Beirut.