The Libyan Government of National Unity (GNU) has announced that the “Libyan-Italian Economic Forum” will be held on October 30 in Tripoli.
On Sunday, the preparatory committee for the Libyan-Italian Economic Forum held its first regular meeting. Participants included the Minister of State for Cabinet Affairs, Adel Jumaa, the Italian Ambassador to Libya, Gianluca Alberini, and the commercial attaché of the Italian Embassy.
According to a statement by the Libyan government, the meeting focused on coordinating between the Libyan and Italian sides regarding the forum’s themes and the overall vision for its details.
During the meeting, Jumaa stated that Libyan Prime Minister Abdul-Hamid Dbaiba and Italian Prime Minister Giorgia Meloni agreed to hold the forum during their meeting in Tripoli earlier this month. The forum aims to support the private sector in both countries and enhance economic cooperation across various fields.
Rashid Swani, the Chairman of the Businessmen Council, welcomed the government’s support for the Libyan private sector. He highlighted the importance of activities, programs, and projects that help improve the sector’s efficiency and the private sector’s involvement in the preparatory committees for such forums.
Last week, Libyan Economy Minister Mohamed al-Hwaij met with Italy’s Minister of Enterprises and Made in Italy, Adolfo Urso, alongside Anwar Boustta, Chairman of the Libyan-Italian Chamber of Commerce, and Gianluca Alberini, Italy’s Ambassador to Libya. The meeting took place during the 50th Tripoli International Fair.
The discussions focused on strengthening trade and investment cooperation between the two countries. They also explored the activation of existing agreements and memoranda of understanding.
Minister al-Hwaij emphasised the importance of major companies returning to operate in Libya. He assured that the Ministry of Economy and Trade would facilitate overcoming any obstacles they face. He highlighted the crucial role of the Libyan-Italian Chamber of Commerce in enhancing economic and trade cooperation, which in turn would boost investment and economic growth.
Italian Minister Urso reiterated that Libya is a strategic trade partner for Italy, given its pivotal location as a gateway for trade and investment.
Notably, the Libyan Ministry of Industry and Minerals in the Government of National Unity (GNU) and the Ministry of Enterprises and Made in Italy have signed an agreement to enhance the cooperation on several sectors.
The agreement aims to enhance cooperation between the two countries in renewable energy, green hydrogen, direct investment, and joint initiatives between companies. It also focuses on exchanging expertise in research, applied innovation in manufacturing, and skills training.
