EU to support in upgrading role of Libyan Chambers of Commerce

By Libya Herald reporter,

The EU offers support to upgrade Libyan Chambers of Commerce (Photo: EU Libya Delegation).

The EU offers support to upgrade Libyan Chambers of Commerce (Photo: EU Libya Delegation).

Tunis, 14 January 2018:

Libyan and European key economic players gathered in Tunis last Thursday to identify the main areas of support that can be provided to Libyan Chambers of Commerce through the European Union 7.8 million euros project Support to Libya for Economic Integration, Diversification and Sustainable Employment (SLEIDSE), funded by the EU and implemented by Expertise France.

Nasir SHAGLAN, Libyan Minister of Economy, Bettina Muscheidt, the Head of the EU Delegation to Libya, Mohamed RAED, Chairman of the General Libyan Union of Chambers, the Directors of the Chambers of Commerce of Benghazi, Misrata, Sebha and Tripoli, and the project team met and discussed the new role of Libyan Chambers of Commerce in order to boost the socio-economic development of the country.

The Tunis meeting was also the kick-off for a comprehensive review of the state of play of Libyan Chambers of Commerce in order to provide them with tailor-made support as of March 2018.

Bettina Muscheidt, the Head of the Delegation of the European Union, underlined that “In all of the EU’s Member States, Chambers of Commerce play indispensable roles as modern public-private institutions. But the Libyan Chambers of Commerce really have an even more important responsibility to carry. You are, in many respects, a first generation of institutions that can help to change the face of the Libyan economy, help your businesses to become competitive, diversify, become creative and innovative. In many respects, I am thinking of the Chambers of Commerce being like ‘lighthouses’ – based everywhere where their guidance is needed.”

The Libyan Minister of Economy Nasir SHAGLAN emphasised: “The importance of developing the services of the Chambers of Commerce and strengthening their roles according to international best practices is of paramount importance for Libya to support the private sector reaching their full capacities. The Government is strongly engaged in promoting public-private partnerships as strong leverages to foster the current economic recovery.”

Currently, most Libyan Chambers of Commerce perform administrative tasks for their members, mainly issuing certificates and delivering activity licenses. However, International experience shows that Chambers of Commerce can also effectively play a key role in supporting the development and success of enterprises, both locally and abroad. Such Chambers bring forward local and international business opportunities, and provide entrepreneurs with tools such as trainings, networking events and legal advice to boost the development of their businesses. The longer-term goal of the SLEIDSE project is thus to support the upgrading of selected Libyan Chambers of Commerce to provide tailor-made services to Libyan SMEs.

Antoine Kuruneri-Millet, GIZ Senior Economic Development Adviser who leads this project activity stated that “This EU funded project is a unique opportunity for Libyan Chambers of Commerce and enterprises. Chambers of Commerce will gain an in-depth knowledge of international best practices and develop a solid operational know-how in supporting enterprises, trade and investment.”

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