Libya and Egypt agree numerous ways to increase economic cooperation, including establishing an industrial zone
By Sami Zaptia.
London, 22 April 2021:
Libya and Egypt agreed numerous ways to increase economic cooperation. This came during a meeting between Libya’s Economy and Trade and Industry Ministers with the Egyptian Minister of Trade and Industry.
The meeting was held on the side-lines of the visit of the Egyptian Prime Minister to Tripoli on Tuesday.
The meeting discussed enhancing cooperation between the two countries through:
- Starting to develop and activate agreements in the economic fields.
- Encouraging investment and work.
- Organizing exhibitions and international markets.
- Preparing for the convening of the Joint Libyan-Egyptian Committee.
- Holding joint exhibitions in a number of Libyan cities.
- Organizing a forum for Libyan and Egyptian business leaders.
- Increasing the volume of trade exchange between the two countries.
- Organizing an exhibition in Benghazi for Egyptian products.
- Establishing an industrial zone between the two countries.
- Facilitating Egyptian labour procedures into Libya.
- Facilitating entry procedures for citizens into the two countries.
- Developing the Emsaed Libyan-Egyptian border crossing.
- Establishing a Libyan-Egyptian Chamber of Commerce to support trade exchange, naming its members, and call for it to hold a meeting as soon as possible.
- Addressing the problems and difficulties facing Libyan investors and residents in Egypt.
- Forming an economic committee to follow up the implementation of what has been agreed upon.