Libya’s Minister of Economy and Trade, Mohamed Al-Hwaij, met with Tunisian Minister of Trade and Export Development, Samir Abid, on the sidelines of the Arab Economic and Social Council meeting in Cairo.
The meeting aims to enhance economic ties and boost bilateral trade. They also focused on facilitating cross-border trade, increasing joint investments, and strengthening regional economic cooperation.
During the talks, the two ministers emphasized the importance of developing a clear strategy for transit trade between Libya and Tunisia, aiming to expand into African markets and leverage the two countries’ strategic positions as gateways to broader regional economic opportunities.
They also stressed the need to implement previous agreements, particularly those reached during Abid’s visit to Libya in December 2024, to promote greater economic integration and trade facilitation.
Both sides reaffirmed their commitment to enhancing cooperation in regional and international economic forums, working toward a unified vision for investment and sustainable development.
They also highlighted the urgent need to activate decisions made by the Libya-Tunisia Joint Economic Committee, ensuring that trade and investment partnerships yield tangible results.
The discussions reflect the long-standing economic relationship between Libya and Tunisia, which has historically played a key role in regional trade and investment flows.
Tunisia has been a major economic partner for Libya, particularly in sectors such as construction, agriculture, and energy. Trade between the two countries has fluctuated due to political instability in Libya, but both nations continue to seek stronger economic ties to drive mutual growth and stability.
As Libya works to stabilize its economy and attract foreign investment, stronger economic relations with Tunisia could help revitalize trade routes, create jobs, and open new markets. The renewed focus on joint projects and regional economic integration positions both countries to benefit from stronger trade partnerships and long-term economic cooperation.
