By Sami Zaptia.
London, 23 September 2021:
The Libyan Business Council (LBC) and the Maltese embassy reached several agreements and understandings to improve business relations between the two countries.
These followed on from yesterday’s meeting between the head of the LBC, Abdalla Fellah, and Maltese Ambassador, Charles Saliba at Bab Al Bahr Hotel, which included the Maltese Consul, Sandro Magro, the Executive Director of the LBC, the Chairman of the Economic Committee of the LBC, and the heads of the Eastern and Southern branches of the LBC.
Fellah praised the depth of relations between the two neighbouring countries and the importance of economic cooperation between them and the role of the private sector in reviving this cooperation. He stressed the need to work together to encourage investment and facilitate the movement of business owners to and from Malta.
Invitation for Malta to open Benghazi consulate
The head of the LBC’s eastern branch also welcomed the guest and touched on the projects that its branch is working on, and invited the ambassador to visit Benghazi, proposing to him to open a consulate there.
Promising investment opportunities in the south
The head of the council’s branch in the south also spoke about the promising investment opportunities in the south, whether in the fields of industry or agriculture, and the importance of the Maltese party’s participation in these areas.
The Libya Reconstruction Project
The Chairman of the LBC’s Economic Committee presented a summary on the Libya Reconstruction Project blueprint, which has been submitted through the LBC to the Libyan government, and the steps that have been taken to study this project and how to implement it through the Libyan private sector.
Almenasa digital business platform
The LBC ‘s Executive Director explained the Almenasa digital business platform, how investors can benefit from it, the services that they can obtain through it, and its role in the partnership between the public and private sectors.
Several understandings and agreements were reached
The attendees discussed all economic issues of interest to both parties, and several understandings and agreements were reached, including:
- Facilitating the granting of visas through the LBC for members.
- Forming an LBC commercial delegation to meet their counterparts in Malta, under the auspices of the Maltese Chamber of Commerce.
- The adoption of the digital business platform as part of the process of developing economic relations between the private sector in both countries.
- Cooperation between the embassy and the LBC to assist in facilitating the opening of branches of Libyan banks in Malta.
- The ambassador confirmed that he is working in cooperation with the Libyan Ministry of Health to approve the Libyan vaccine card to travel to Malta, and in the event this happens, Libyans will be exempted from the quarantine requirement.
The LBC said what was accomplished during the meeting comes in the context of enhancing confidence between the two parties and adopting practical ways to stimulate the economic movement between the two countries.
It also comes within the LBC’s activities aimed at activating cooperation between the LBC and its counterparts in friendly countries and working to provide facilities to the Libyan private sector for trade exchange, attracting investments and contributing to enhancing economic stability.
Visa applications within days
The LBC also announced that ‘‘within days’’, it will begin providing visa services through the Maltese embassy to its affiliated members and coordinating the formation of the commercial delegation to visit Malta.