CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID BIN MUBARAK AL-SHAFI

Business / Middle East Business

Last overland route closure chokes off Lebanon exports

Published: 03 May 2015 - 04:06 pm | Last Updated: 14 Jan 2022 - 04:02 pm

 

 

 


Beirut--Lebanon's land exports to Gulf markets have been choked off, leaving millions of dollars in goods stranded after the closure of a vital crossing on the Syrian-Jordanian border last month.
The Nasib border point was the last remaining gateway for Lebanese truck drivers transporting agricultural and industrial products to Iraq and Gulf countries.
After Syrian rebels seized Nasib on April 1, these exports came to an abrupt halt.
"Exports by land have stopped entirely," said Ahmad Alam, whose company exports Lebanese fruit and vegetables to Arab countries.
Goods transported overland made up 35 per cent of all of Lebanon's exports, economic analyst Nassib Ghobril told AFP.
The customs authorities say Lebanese exports to Gulf Cooperation Council (GCC) states in 2014 amounted to $920 million (821 million euros). Another $256 million was exported to Iraq.
But all those potential exports are now effectively stuck in Lebanon, he said.
"The Nasib crossing was the only way for Lebanese products to be exported by land. Since it closed, there are no more land crossings now," Ghobril said.
Before the Syrian crisis erupted in 2011, Lebanese products travelled frequently through Lebanon's neighbour, then on to Iraq to the east or to Jordan and Saudi Arabia in the Gulf to the south.
The agriculture ministry says that agricultural products make up 6 per cent of GDP and 17 per cent of total exports.

AFP