VOL. XLI

No. 34

24-August-1998

SYRIA/LEBANON

Syrian-Lebanese Agreement To Cut Customs Tariffs By 25%

The Syrian and Lebanese Governments have agreed to reduce customs tariffs on locallyproduced industrial products by 25% effective from 1 January 1999. The decision is part ofa broader plan which aims to eliminate these tariffs completely within the next fouryears. The two countries also plan to regulate future agricultural trade (currentlylimited to Syrian imports of Lebanese bananas), although...