Economy

Can the Lebanese Industry Adapt to European Standards?

Can the Lebanese Industry Adapt to European Standards?

Economic bodies organized an introductory meeting led by former minister Mohammad Choucair with the new economic attaché at the French embassy, François Spurier. Ranim Hallab participated as a representative of the Lebanese Franchise Association. Various economic issues were discussed, including the status of negotiations with the International Monetary Fund, the bodies' recovery plan for the economy and finance, proposed solutions for restructuring the banking sector, the return of funds to depositors in a way that maintains growth, and other relevant matters.

It was agreed to hold a second meeting within two weeks. Participants raised concerns regarding the issue of preventing animal product derivatives from entering European Union countries, which had been a challenge in recent weeks. This issue had led to shipments, which had their orders confirmed and shipped, being returned to Lebanon.

They clarified that the European measure allowed franchise owners, trademark holders, and Lebanese manufacturers a grace period before the decision took effect for Lebanese exporters. They noted that the matter did not pertain to specifications or quality but was related to the implementation of an internal European procedure that did not concern shipments coming from Lebanon.

Some exporters complained about the costs incurred for packing and shipping orders that were returned, stating that these costs could have been avoided had they been informed of the European measure in a timely manner.

Franchise representative Ranim Hallab emphasized the importance of the meeting and the necessity of following it up with regular subsequent meetings to track updates and the stance of Europe and France on how to put Lebanon on the path to recovery and growth.

Regarding the European decision, Hallab affirmed that Lebanese producers are known for their adherence to international standards and use of the best practices and quality ingredients, allowing them to compete in foreign markets. He stated, "We are ready to meet the new European standards according to their requirements."

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