Customs duties, based on the Harmonized System of tariffs, depend on the type of product and range from 0–70%, averaging 15%. Lebanon acceded to Arab League's Arab Free Trade Area agreement in 1997 and also has bilateral free trade agreements with Egypt, Kuwait, Syria, and the United Arab Emirates. It also adheres to the Arab League boycott of Israel. Lebanon has applied for World Trade Organization membership and is in negotiations for accession.
Comment about this article, ask questions, or add new information about this topic: