Situated on the eastern coast of the Mediterranean Sea, in the heart of the Arab world, Lebanon’s role in the region, as in the world at large, was principally shaped by trade. In ancient times, the sea provided trade routes for exports of cedars and for commerce in copper and iron during the time of the Ptolemies and the Romans. The country served as a link between the Mediterranean World and East Asia, hence stems its name “the pearl of the middle east”.
The above may explain why until our times, Lebanon trade volume constitutes a large portion of our economy.
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2014 – Slight Improvement in Lebanon’s Trade Balance