EFTA STRIKES FREE TRADE DEAL WITH LEBANON

BY KEITH NUTHALLIMPORT duties on tobacco products shipped from the Lebanon to the European Free Trade Area (EFTA) countries have become duty free under a wide-ranging commercial agreement, which came into force on January 1. The EFTA-Lebanon Free Trade Agreement will also see Lebanese duties being cut from 2008, to be abolished entirely by 2015. An EFTA note said its "main imports from Lebanon" include tobacco products, which are only rivalled by watches, clocks and jewellery. EFTA countries are Switzerland, Norway, Iceland and Liechtenstein. "The agreement takes ...


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