Marketing in Lebanon Market
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The economic situation in Lebanon is divided into several parts. The least important economic sector in this country belongs to agriculture. Lebanon's industry is mainly active in the cosmetics, food, pharmaceutical, and medical sectors. It exports dairy products and clothing to Europe.
Although Lebanon is in a good position in terms of agricultural activities (in terms of water supply and soil fertility), it does not have a large agricultural sector. The agricultural sector is Lebanon's least important economy, accounting for only 12 percent of the workforce, and accounts for only 10 percent of GDP, putting it at the bottom of the list. Of course, Lebanon intends to transform the agricultural industry by 2020 attract billions of dollars in agricultural income.
Industry of Lebanon
Despite the lack of industrial raw materials and pure dependence on the Arab countries, Lebanon is the leading Arab country in terms of fashion and clothing, cosmetics, food, construction materials, pharmaceutical-medical industries due to the free and duty-free market. Is one of the exporters of dairy and clothing to Europe?
Services and trade of Lebanon
Lebanon's 1975-90 Civil War severely damaged Lebanon's economic infrastructure, halved domestic production, and shaken Lebanon's position as a transit center for goods and banking in the Middle East. Peace enabled the central government to take control of Beirut, collect taxes, and gain access to government and border facilities. The well-established banking system, small and large factories, household money, banking services, industrial and agricultural exports, and international aid as the main sources of foreign exchange have contributed to economic recovery.
Before the 2006 Lebanese-Israeli war, the Lebanese economy grew rapidly, with bank assets reaching more than $ 70 billion. Although the tourism sector declined by 10 percent in 2005, more than 1.2 million tourists visited Lebanon. Market investment peaked at more than $ 7 billion at the end of January 2006. The start of the war in August-June 2006 caused severe damage to Lebanon's shaky economy, especially the tourism sector. According to an initial report published by the Ministry of Finance on August 30, 2006, a major economic downturn will result from the war.
Beirut International Airport reopened in September 2006, and efforts to improve Lebanon's economy have accelerated. Major donors to Lebanon's reconstruction include Saudi arabia ($ 1.5 billion), the European Union ($ 1 billion), and some other Persian Gulf states with more than $ 800 million.
Its main ports are Beirut, Tripoli, and Tire, which are located on the shores of the Mediterranean Sea. Lebanon is called the bride of the Middle East, and Beirut is one of the top cities in the Arab world in terms of quality of life. The official languages in this country are Arabic, English, and French. The most important free trade zones of this country are the port of Beirut, Tripoli, or Trapani.