Lebanon's trade deficit and upcoming changes

The Center for Economic and Social Studies indicated that resumeing the export of Lebanese products to the Kingdom of Saudi Arabia contributes to reducing the trade deficit, even though Saudi exports account for about 10% of total Lebanese exports. It affirmed that reopening the Saudi markets enhances Lebanon's presence in Gulf markets, supports productive sectors, and creates job opportunities. Additionally, it helps improve the tourism sector and attract Gulf investments, particularly from Saudi Arabia, which had declined due to political and security conditions. The efforts for economic recovery depend on several factors, including stability of security, a ceasefire, the resumption of reconstruction efforts, and directing external funding towards revitalizing the Lebanese economy.

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