Libya Discusses Trade Cooperation with Tunisia & Korea

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On Thursday, Libya’s Minister of Economy and Trade, Mohamed Al-Hwaij discussed ways to expand trade cooperation with Tunisia, and South Korea.

This came during the Forum for Enhancing Economic Cooperation between Libya, Tunisia, and Korea. This was held on the sidelines of the 5th International Conference on “Financing Investment and Trade in Africa (EABA)” in Tunisia.

In his speech during the forum, Al-Hwaij said: “We look at Tunisia as a strategic partner, and consider the Libyan and Tunisian economies as one.”

EABA was attended by Deputy Prime Minister, Ramadan Abu Janah and Tunisian Minister of Trade and Export Development, Fadela Ben Hamza.

Al-Hwaij pointed to the stagnation and rising prices facing the globe. He confirmed that Libya and Tunisia are considered the gateway to Africa, and requires them to work together to revitalize the transit trade towards the continent.

“Libya is looking forward to strengthening cooperation with Korea to develop infrastructure, construction, technology, and the communications sector and implement investment projects in all sectors,” he said.

Al-Hwaij called on companies and businessmen from Korea to resume their work in Libya as soon as possible. He emphasised his ministry’s keenness to provide a suitable work environment for them.

The Libyan delegation included the Minister of Labour and Rehabilitation, the Chairman of the Board of Directors of the General Authority for Investment Promotion and Privatization Affairs, the Chairman of the Board of Directors of the Libyan International Company for Development and Investment, and the President of the General Federation of Chambers of Commerce, Industry, and Agriculture.

It also included the Director of the International Cooperation Department, and the Director of the Private Sector Development and Investment Department at the Ministry of Economy and Trade. As well as the Chairman of the Board of Directors of Dar Al Wafa Company, a subsidiary of the Libyan International Company for Development and Investment.

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