Indictment affects economy

Shukeir: International community might impose economic sanctions

July 7, 2011- Many reservations were cancelled in the wake of the release of the indictment decision by the Special Tribunal for Lebanon, said Mhammad Shukeir, Head of the Union of the Chambers of Commerce and Industry. He said the indictment has affected local economy, mainly the tourism sector.

Shukeir said the economic bodies are in a wait-and-see stage, awaiting the developments that might come up pertaining to the country’s dealing with the STL’s indictment. He warned that the international community might impose sanctions on the country if the indictment was not put into effect.

“We still don’t know how effective any action we might take would be,” he said.
Shukeir said the premium concern of economic bodies is to separate political files from economic ones.