Turkey, Lebanon may sign free trade agreement after Feast of Ramadan
Turkish State Minister Zafer Caglayan said on Saturday that Turkey and Lebanon were in consensus of opinion to sign Free Trade Agreement after Feast of Ramadan, Anadolu Agency reported.
"Following the signing of the agreement, free trade agreements will be concluded among Syria, Jordan, Lebanon and Turkey," Caglayan said while speaking at a four-way meeting in Istanbul.
Officials from the four countries gathered in Istanbul on Saturday to discuss establishment of a High Level Quartet Cooperation Council and the process of setting up a common trade area.
Caglayan said removal of the visa procedures would enable free circulation of citizens and businessmen and the free trade area would enable the same opportunities to the products.
"This will herald a prosperous geographical area that would be established in the heart of the Middle East," he said.
A declaration is expected to be released on Sunday.
Foreign ministers of Turkey, Syria, Jordan and Lebanon decided in a meeting on June 10, 2010 to set up "high-level quartet cooperation council" to strengthen the existing cooperation, develop long-term strategic partnership and solidarity, and further improve the economic integration. They also decided to establish a zone among the four countries where there is free movement of products and people.