Turkey-Lebanon Business Council was established in Turkey’s strategy to develop its ties with neighbors and countries in the region. They chose Lebanon as a partner because of its position as an important regional trade and finance center. They signed the Establishment Agreement in 2002 with the Lebanese Economy Forum. The purpose of the Council is the advancement of bilateral trade and investment relations.
Lebanon has assumed the function of a bridge connection to Turkey with the Arab World. Lebanon is also an important re-export center. The Council wants to use Lebanon’s role as a go-between to strengthen the ties between Turkish companies and Arab countries.