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Lebanon has an interest in the speedy adoption of reforms outlined in the Lebanon Action Plan developed by the EU, a step that would help the country join the World Trade Organization, the European Union Ambassador to Lebanon Angelina Eichhorst said Tuesday.Eichhorst praised the Lebanese franchising sector for providing 100,000 job opportunities in the country, which is almost 9 percent of total job opportunities in Lebanon.On the other hand, around 44 percent of franchise concepts operating in Lebanon originated from Europe, 38 percent from the U.S. and Canada and 13 percent were created locally by Lebanese franchisers.Hakim also praised the EU for its human, social and financial support to Lebanon.Eichhorst said that the EU's support to the Lebanese Franchise Association of 160,000 euros ($220,000) was part of a larger 14 million euro operation to enhance Lebanon's private sector development, with the overall goal of creating job opportunities in the country.
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