Lebanese minister seeks economic boost with Iraq visit
George Boushekian visited Baghdad this week to seek cooperation with his Iraqi counterparts and facilitate business deals between Iraqi and Lebanese entities amid Lebanon's economic crisis.
Lebanon’s Industry Minister George Boushekian returned from his trip to Iraq today, where he sought to gain economic opportunities for crisis-stricken Lebanon.
Briefing President Michel Aoun, Boushekian said the Lebanese and Iraqi industry ministers signed a memorandum of understanding on bilateral cooperation. They specifically agreed to exchange expertise on manufacturing, the official National News Agency reported.
Lebanon is contending with a devastating economic crisis marked by fuel and electricity shortages, price hikes and the depreciation of the Lebanese pound.
The Lebanese government has sought help from other Middle Eastern states throughout the crisis. Perhaps most notably, Egypt, Jordan and Syria agreed in September to export Egyptian natural gas to Lebanon.
