Mohammed Al-Raeed, the head of the Libyan Chamber of Commerce, Industry, and Agriculture Federation, announced that Italian businessmen are now permitted to enter Libya without restrictions, following the removal of conditions previously imposed by the Italian government.
In statements to “Fawasel,” Al-Raeed described the recent Libyan-Italian Economic Forum as a positive and successful event, highlighting a significant turnout from the Italian side with over 120 business representatives in attendance.
He further noted that eight agreements were signed involving various parties, including a cooperation agreement between the Libyan Chamber Federation and the Italian Chamber Federation.
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.
Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.
The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.
The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.
Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
