By Sami Zaptia.
London, 1 September 2021:
At the Tripoli International Fair on Monday, the Ministry of Economy and Trade announced the launch of the electronic legislation and trade support platforms to improve the business and investment climate.
The Ministry said its Private Sector Development and Investment Department implemented the two platforms in cooperation with the General Information Authority and an expert organization.
The platforms aim to enhance access to information and build a positive relationship of transparency and trust between individuals, institutions, and government bodies to encourage investment and improve the business environment in Libya.
The hope is that the platforms will help strengthen the Libyan economy by attracting foreign investments by displaying procedures and laws through a simplified and practical detailed description of the steps that must be followed from the user’s point of view.
The establishment of the two platforms comes within the Ministry’s action plan to encourage investment and trade and implement the investment map through the Ministry’s Privatization and Investment Board.