Egyptian-Lebanese partnership for establishing medicine factories
Egyptian Health Ministry will sign a new agreement with the Lebanese Health Ministry over establishing medicine factories in a partnership between investors from the two countries.
Minister Ahmed Emad Eddin met with his Lebanese counterpart Ghassan Hasbani to formulate the final form of the cooperation agreement, on the sidelines of the Arab Health Economic Forum, organized by the Arab Hospitals Federation, in Beirut.
The agreement includes opening new medicine factories by Egyptian and Lebanese investments in addition to expanding the entrance of pharmaceutical products and medical requirements to Lebanese markets. The Lebanese market is one of the main international targeted ones for Egyptian exporters, especially that Lebanon has the highest expenditure rate on medicine across the Arab countries. The rate is expected to be doubled due to the high presence of Syrian refugees there.
Egyptian companies at the pharmaceutical, medical requirements and cosmetics sectors achieved exports at LE31 million to Lebanon during the first nine months of 2016.