BEIRUT: The Lebanese Customs Department signed Thursday a memorandum of understanding with Swiss food giant Nestle to combat counterfeit goods.
According to a statement by the Finance Ministry, the memorandum “aims at developing cooperation between the two sides, exchange information, and further operational cooperation.”
Finance Minister Mohammad Safadi said the Lebanese Customs is highly interested in signing similar agreements with multinational companies to increase the department’s capabilities.
Jean-Pierre Maeder, head of trademarks at Nestle SA, said Lebanon remained a strategic market for the Swiss company.
“Counterfeited products ... not only harm the trademark owner but also put consumers at the risk of using low-quality goods that can even be harmful,” he added.