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Libya & US Discuss Economic Cooperation

October 22, 2024
Libya & US Discuss Economic Cooperation
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On Monday, US Special Envoy to Libya, Ambassador Richard Norland, and Chargé d’Affaires Jeremy Berndt held a meeting in Tunis with Libya’s Minister of Economy and Trade, Mohamed Al-Hwaij.

The discussions centred around the long-term commitment of the United States to Libya, particularly focusing on the US Strategy to Prevent Conflict and Promote Stability.

The US Embassy in Libya said that the US Strategy, a 10-year initiative, aims to support Libya’s development, stability, and security. Ambassador Norland highlighted that this framework not only seeks to address conflict prevention but also to foster economic ties between the two nations.

The statement added that the strategy underscores the U.S. commitment to rebuilding Libya’s institutional and commercial landscape, which has been marred by years of instability.

One of the key aspects of the meeting was U.S.-Libya commercial engagement. Both parties recognised the importance of strengthening economic ties through business ventures and investment opportunities. Minister Al-Hwaij emphasised Libya’s desire to attract US companies to contribute to rebuilding the country’s infrastructure and expanding its economy.

The US sees great potential in Libya’s trade and economy, particularly in sectors like energy, agriculture, and infrastructure. By encouraging U.S. firms to invest, both sides hope to contribute to the rebuilding process and support long-term economic growth.

The meeting reaffirmed the US’s support for Libya’s recovery, both through conflict prevention and promoting economic opportunities. This collaboration is expected to help Libya emerge stronger and more stable in the coming decade, paving the way for sustainable development.

Tags: economylibyaRichard norlandus
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