Lebanese Prime Minister's Visit to Canada a Trade Success

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Lebanese Prime Minister's Visit to Canada a Trade Success

A five-day official visit to Canada by Prime Minister Rafik Hariri of Lebanon has paved the way for increased trade and investment between the two countries. The high point of the visit, between April 10 and April 14, was the signing of the bilateral. Foreign Investment Promotion and Protection Agreement (FIPA). The FIPA guarantees that Canadian investors in Lebanon will receive the same protection as Lebanese investors and vice versa.

Canada's Minister of International Trade said that the agreement "represents Canada's strong commitment to further expand our commercial ties with Lebanon, and reflects Canada's support for Lebanon's reconstruction efforts by fostering increased bilateral investment."

The visit, Hariri's first to Canada, also resulted in the signing of a number of other agreements as well as the launch of the DFAIT Navigator to Trade in Lebanon Web site. According to the trade magazine CanadExport, the Web site is intended to assist Canadian companies interested in doing business with Lebanon. …

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