According to Experts politicians should tackle trade deficit
BEIRUT: Industrial and agricultural experts urged the government over the weekend to take measures aimed at curbing a trade deficit that has neared $7.33 billion in the first five months of 2014, recording an increase of 1.85 percent in comparison with May 2013.
Lebanon’s balance of trade deficit widened by $133 million to just below $7.33 billion during the first five months of 2014, according to statistics published by the Higher Council of Customs.
The increase in the deficit was buoyed by a $578 million contraction in exports to around $1.39 billion, which outweighed the $445 million year-on-year drop in imports to around $8.71 billion.
..............................Read more
