Lebanon has finalized 22 agreements with Saudi Arabia ahead of a major diplomatic visit to enhance economic ties. The agreements cover multiple sectors and aim to secure international aid for Lebanon’s struggling economy. Deputy Prime Minister Mitri emphasized the necessity of this cooperation to restore trust and facilitate further support from the Arab world and beyond. France is also set to host a conference to aid Lebanon’s recovery efforts.
Lebanon has successfully finalized 22 cooperation agreements with Saudi Arabia, preparing for a significant high-level visit aimed at enhancing economic relations. Deputy Prime Minister Tarek Mitri indicated that this delegation might be led by President Joseph Aoun, Prime Minister Nawaf Salam, or both. This development follows Saudi Crown Prince Mohammed bin Salman’s earlier meeting with President Aoun, where discussions centered on Lebanon’s crisis and regional dynamics.
These agreements span various sectors, including agriculture, intellectual property, and consumer protection, which are deemed essential for securing international support for Lebanon’s faltering economy. Mitri has asserted the importance of earning the trust of both Arab nations and the broader international community to facilitate further assistance from Saudi Arabia, noting that the agreements are fully prepared for signing.
Upon his arrival, President Aoun expressed optimism that his discussions with the Crown Prince would lead to a subsequent visit to finalize the agreements focused on enhancing bilateral cooperation. Rabih El-Amine, the chairman of the Lebanese Executives Council, highlighted the extensive nature of the deals involving key governmental bodies, including the Ministry of Information and the General Directorate of Civil Aviation.
Additionally, Mitri disclosed that Lebanon is establishing an independent fund, in collaboration with international organizations, to manage post-war reconstruction initiatives apart from governmental refugee agencies, thereby enhancing trust with international donors. A recent World Bank report indicated that Lebanon requires approximately $11 billion for recovery, projecting substantial needs across various sectors.
Moreover, France has shown readiness to host a conference aimed at supporting Lebanon’s recovery efforts. French officials are discussing preparatory meetings or a consolidated event, to prioritize humanitarian relief and reconstruction, while a parallel event will focus on attracting international investment.
In conclusion, Lebanon’s recent finalization of 22 cooperation agreements with Saudi Arabia signifies a pivotal step towards strengthening economic partnerships. As President Aoun prepares for a high-level visit, these agreements are expected to bolster credibility with international donors essential for recovery efforts, particularly in the wake of the country’s ongoing crises. Collaboration with France for an upcoming conference further underscores the international community’s engagement in Lebanon’s reconstruction and support efforts.
Original Source: www.arabnews.com
