Tripoli: Boosting Malaysia-Lebanon Trade Ties

On 25 June 2024, Ambassador Azri attended a pivotal Hybrid Engagement Session on Malaysia-Lebanon Trade and Investment Opportunities at the Chamber of Commerce in Tripoli, Lebanon.

The event aimed to enhance bilateral economic ties & featured remarks from key officials, including Mr. Toufic Dabbousi, President of the North Lebanon Chamber of Commerce & Industry, H.E. Elie Khoury, Member of the Lebanese Parliament, and Mr. Assaad Al Hariri, President of the North Lebanon Merchant Association.

Ambassador Azri highlighted Malaysia's 5.1% economic growth in 2023, driven by manufacturing, services, & agriculture. He emphasised Malaysia's robust infrastructure, including ports, airports, & highways, which facilitate seamless trade & investment. In 2023, trade between Malaysia & Lebanon increased by 1.9% to RM310.7 million (USD67.9 million).

Key collaboration areas include food and beverage, lifestyle products, construction materials, electronics, healthcare, renewable energy, automotive parts, & furniture.

The session also featured a virtual presentation by Mr Faizalkhan Jaafar, Trade Commissioner at Matrade Jeddah, who provided insights into Malaysia’s trade and investment opportunities.

Ambassador Azri encouraged Lebanese businesses to explore opportunities in Malaysia and reiterated Malaysia's commitment to enhancing economic collaboration with Lebanon.

Source: www.kln.gov.my