At a recent event in his honor in Lebanon, Egyptian ambassador Adel Al-Khudary stated that bilateral cooperation between Lebanon and Egypt was on the rise.
He noted that an agreement signed during his office increased Egyptian exports to Lebanon by about 70 percent, while Lebanese exports to Egypt rose by five percent.
Statistics published earlier this year estimate the value of exchanges between these two states at $110 million during 2000, up from $77 million the previous year, according to Al-Sharq Al-Awsat daily.
Al-Khudary, who will soon be leaving his post as ambassador to Beirut when his term expires, stated that a common Arab market must be pursued.
He added that an interconnected gas and electric grid, as well as oil pipelines must be implemented to preserve Arab unity and integrity.
The ambassador also stressed the fact that an agreement was in the works to end dual taxation between the two nations. –(Mena Report)
© 2001 Mena Report (www.menareport.com)
