Libya and Tunisia have announced plans to increase annual trade between the two nations from 3.5 billion dinars to 5 billion dinars, according to Libyan Economy Minister Mohamed Al-Hwaij.
The announcement was made during a meeting in Tripoli on Saturday between Al-Hwaij and Tunisia’s Minister of Trade and Export Development, Samir Abid. The discussions formed part of the Libyan-Tunisian Joint Economic Committee’s session, where the two sides signed several agreements aimed at deepening economic ties.
Key memoranda of understanding (MoUs) were signed to boost cooperation in areas including consumer protection and the development of the Tunisia-Libya continental corridor to Sub-Saharan Africa. Agreements also included a 2025 programme for organising trade exhibitions and a 2025-2026 initiative to establish free trade and logistics zones.
The committee addressed challenges faced by Libyan and Tunisian companies, particularly in customs and trade operations. It also emphasised the need to enhance infrastructure at border crossings and logistics facilities.
Both sides committed to fostering closer coordination between government entities to address these issues and create stronger partnerships between businesses in the two countries.
Al-Hwaij stressed the importance of economic integration between Libya and Tunisia, highlighting sectors such as agriculture, industry, and trade. He called for greater public-private sector collaboration to create jobs and support economic sustainability.
The talks also explored opportunities for cooperation in healthcare, transport, and food and pharmaceutical security—key priorities for Libya’s Government of National Unity.
Al-Hwaij reaffirmed Libya’s readiness to offer incentives for Tunisian businesses seeking to invest in the country and establish partnerships with local private-sector firms.
