Lebanon, Iraq sign cooperation deal

Lebanon and Iraq signed on Monday an agreement aiming at strengthening cooperation between their respective chambers of commerce, industry and agriculture.

The agreement binds both countries to facilitate the business and information exchange for their businessmen while encouraging the increase of bilateral trade activities, a statement by Beirut’s Chamber of Commerce, Industry and Agriculture reported.

Lebanese Industry Minister George Boujikian said the new Cabinet aims at activating economic and trade relations, signing agreements with Iraq and reducing duties on Lebanese industrial products exported to Iraq.