EU ambassador to Lebanon Angelina Eichhorst speaks during an interview with The Daily Star in Beirut, Thursday, May 29, 2014. (The Daily Star/Mahmoud Kheir)
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The inability of Lebanon's political groups to reach consensus is weighing heavily on a variety of economic sectors in the country, a high-ranking representative of the EU in Lebanon said Thursday.However, the fear of competition may be holding Lebanon back from joining the WTO, Eichhorst said. "But this is not justified because the sectors that you are really good at in Lebanon, such as services and banking, do not allow you to be afraid of the WTO". She added that accession to the WTO would also help Lebanon build a modern economy. Among the main challenges facing Lebanon today is the government's failure to deal with the negative repercussions of the huge influx of Syrian refugees due to the lack of consensus among Lebanese parties, Eichhorst said.
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