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The Lebanese Republic is a country in Western Asia. It is bordered by Syria to the north and east and Israel to the south. Lebanon’s economy follows a laissez-faire model. The country has no restrictions on the movement of capital across its borders, and the Lebanese government’s intervention in foreign trade is minimal. If you’re an entrepreneur, you can’t afford to miss the opportunities that come with engaging in export from the US to Lebanon.
The Lebanese economy is a developing economy. It actually grew during the global financial crisis of 2008, and nominal GDP was estimated at $41.5 billion in 2011. It is forecast that Lebanon’s GDP per capita will soon reach $20,000, making it one of the strongest economies in the region. Lebanon has the largest proportion of skilled labor among the Arab States.
The major industrial sectors include metal products, banking, agriculture, chemicals, and transport equipment. Lebanon has a competitive and free market regime. Clearly, the decision to export from the US to Lebanon is a smart one.