Libya & Ethiopia Discuss Trade Cooperation


Libyan Minister of Economy, Mohamed Al-Hwaij met with the Ethiopian Ambassador to Libya, Hassan Moussa, where they discussed trade and investment cooperation.

They talked about activating a tax agreement, and increasing labour and investment opportunities in both countries. Al-Hwaij highlighted the importance of activating the joint high committee.

He emphasised arranging a prime ministerial meeting to develop cooperation in mutual interest areas. He invited Ethiopia’s Minister of Economy to visit Libya for meetings with economic and trade institutions.

In early October, Mohamed Al-Hwaij, the Libyan Minister of Economy held pivotal discussions with the Greek Consul in Tripoli. They discussed pathways to international collaboration, and the resumption of meetings for the Joint Libyan-Greek Committee.

The meeting was also attended by the Head of the International Cooperation Department at the ministry, Faraj Al-Bay.

Al-Hwaij emphasised Libya’s “earnest desire to strengthen trade relations with the Republic of Greece, activating bilateral agreements and memoranda of understanding (MoU) previously established between the two nations in economic, trade, and investment spheres.”

Furthermore, Al-Hwaij extended an invitation to his Greek counterpart to visit Libya, with an economic and trade delegation. An agreement was reached to prepare the necessary arrangements for organising the Libyan-Greek Economic Forum, with the aim of developing trade between the private sectors, and establishing investment partnerships in areas of mutual interest.

On his part, the Consul expressed Athen’s aspiration to inaugurate direct communication channels between governmental institutions, and the private sector in both countries.

He highlighted the importance of activating diplomatic cooperation that contributes to enhancing bilateral relations, and highlighted the interest of Greek companies to resume operations in Libya.

Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations, each backed by rogue militias and foreign governments.

The current stalemate grew out of the failure to hold elections in December 2021, and the refusal of Prime Minister Abdel-Hamid Dbaiba, who is leading the transitional government, to step down.