Workshop held in Tunis on Libya joining ITC-Euromed Trade and Investment Facilitation Mechanism (TIFM)
By Sami Zaptia.
London, 30 August 2019:
As part of the EU4PSL (the European Union for Private Sector in Libya) component ‘‘strengthening the capacities of Libyan institutions’’, a stakeholders’ workshop was held in Tunis on ‘‘How can Libya Join the ITC-Euromed Trade and Investment Facilitation Mechanism (TIFM)?’’.
The workshop aimed to present the TIFM tool to Libyan authorities and discuss how Libya can integrate this initiative.
This component of EU4PSL aims to strengthen the capacity of Libyan institutions to design and implement actions conducive to MSME development and improve the attractiveness of the Libyan economy for investments.
It will be recalled that also as part of the (EU4PSL) programme to improve the business environment in Libya, a meeting was held in July this year in Tunis to study the feasibility of setting up private sector investment funds in Libya, also implemented by Expertise France.
The meeting had been attended by Investisseurs et Partenaires (I&P), Libya’s Development Bank, Saving and Real Estate Investment Bank, Benghazi Chamber of Commerce, Tripoli Chamber of Commerce, Sebha Chamber of Commerce, General Federation of Libyan Chambers of Commerce, Arab Commercial Bank, Al Qafila Insurance Company, Trust Company and Takaful Company.