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Libya & France Discuss Economic Cooperation

June 23, 2023
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The Libyan Ambassador to France, Khaled Kajiji and the French Ambassador to Libya, Mostafa Mihraje recently met to discuss the ongoing political process in Libya. They discussed avenues for bolstering economic cooperation.

The discussion took place at the Libyan Embassy in Paris, during which both sides affirmed the pivotal, positive role that France plays in stabilising Libya. This dialogue and cooperation serve as precursors to the holding of Parliamentary and Presidential elections, set on a mutually agreed constitutional framework.

Mihraje clarified that “plans are in motion to commence consular work from the French Embassy in Tripoli. This move is intended to facilitate the visa application process for Libyan citizens, further strengthening the bond between the two countries.”

Earlier this month, French CMA CGM Group announced its new seasonal service, Turkey Libya Express (TLX), set to begin on 1st July 2023.

This weekly service will link Asian regions with Turkey, Libya, and the expanding Red Sea market. It will commence from the port of Shanghai, with the 2,478 TEU vessel Buxlink.

Exclusively operated by CMA CGM, TLX will facilitate weekly voyages from Central and South China to Jeddah, offering valuable connections to the growing markets in the Red Sea area.

The TLX service will follow the rotation: Shanghai (China) – Ningbo (China) – Nansha (China) – Singapore – Jeddah (Saudi Arabia) – Iskenderun (Turkey) – Malta (Italy) – Misrata (Libya) – Jeddah – Port Klang (Malaysia) – Shanghai.

Notably, France played a crucial role in supporting the rebels during the 2011 Libyan Civil War, and has been an active partner in Libya’s post-conflict reconstruction. The French government and French companies have been keen on investing in Libya, particularly in its oil sector, given the country’s vast reserves.

The TLX service serves as a platform for the further strengthening of Franco-Libyan ties. It facilitates the trade and transport of goods between Asia, France (as part of the EU), and Libya. As well as enhancing economic cooperation, and fostering stronger business relationships. The TLX service also represents a broader strategy for France, as it seeks to expand its influence and economic activity in the Mediterranean region, especially in countries like Libya and Turkey.

Tags: economyfrancelibya
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