Future of Lebanese Wine Depends on Stability and Competition
One of the main challenges for the Lebanese wine industry is a need for political stability in Lebanon.
One of the main challenges for the Lebanese wine industry is a need for political stability in Lebanon. Because most of the Chateau Kefraya production (60%) is sold in the local market, consumer confidence and overall stability in the country is crucial for the future of Lebanese wine.
Second major challenge is to keep up with European wines and fight against the competition coming from Europe – as Lebanon completes the Euro-Med agreement, which stipulates 0% tax and import duties on wine imports and exports. The main producers in Lebanon should brace up for ever increasing competition from established European producers.