Competition and trade
The Lebanese trade balance was estimated to be -28 per cent of GDP in 2021,[11] and the historical trade-in-goods deficit is widening due to the sharp decline in dollar-denominated GDP. The recent competition law will help position the country on the global and regional trade map and support its efforts to accede to the World Trade Organization. Competitive and well-regulated markets enhance trade openness and increase the overall competitiveness score of Lebanon, diversify and advance the Lebanese products and services and create an opportunity to advance investment flows and reduce the trade deficit.
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