At least 24 out of the 45 participating Libyan manufacturing companies signed supply contracts in Nouakchott, Mauritania at the Libyan Products Exhibition, the Libyan Export Promotion Centre (LEPC) report.
The event was held from 23 to 26 October under the auspices of the Ministry of Economy and Trade and organised by its LEPC and sponsored by the Libyan General Board of Fairs.
At the end of the event, the participating Libyan companies issued a statement calling for:
- The activation of the existing Maghreb Union agreement that enables goods manufactured within Maghreb states to enter fellow Maghreb states without having to pay taxes or customs duties.
- The commencement of direct flights and shipping services between Libya and Mauritania.
- The establishment of a Libyan Mauritanian Joint Chamber of Commerce.
The event follows on from the successful ‘‘Made in Libya 1’’ event held in
Tunis in November 2022 and the ‘‘Made in Libya 2’’ event held in
Niamey, Niger in March 2023.
Diversify the Libyan economy
The events are part of the Libyan government’s wider efforts to diversify its economy away from hydrocarbons, create new jobs for the unemployed youth, and university graduates (and militias), decrease the size of the public sector, decentralise, and increase exports and transit trade.
Exporting to the promising markets in sub-Saharan Africa by holding export promotion events, is part of this wider effort.
Libyan Products Exhibition to open in Nouakchott, Mauritania 23 to 26 October (libyaherald.com)
At the opening of the ‘‘Made in Libya’’ event in Niamey, Niger, Aldabaiba looked forward to the new transit trade road (libyaherald.com)
Cabinet approves projects with foreign entities: Roads, transit trade, feasibility studies, radar systems, culture and training (libyaherald.com)
The Forum and Exhibition for Transport and Transit Trade in Africa (AFRO-TT) opened in Algiers (libyaherald.com)
Algeria and Libya’s strategic ‘‘gateway’’ location and sub-Saharan Africa’s huge potential heralds great potential for transit trade (libyaherald.com)
Algeria and Libya’s strategic ‘‘gateway’’ location and sub-Saharan Africa’s huge potential heralds great potential for transit trade (libyaherald.com)
Ministry of Economy and Trade discusses mechanism of activating transit trade, free zones and Africa Transport and Transit Trade Forum (libyaherald.com)
‘‘Made in Libya’’, Niamey, Niger 6 to 11 March 2023: to aid exports, transit trade and economic diversification (libyaherald.com)
Preparations for the second ‘‘Made in Libya’’ edition in Niamey, Niger progressing (libyaherald.com)
Libya prepares for ‘‘Made in Libya 2’’ exhibition in Niamey, Niger – exports and transit trade to Africa discussed (libyaherald.com)
Most of the ‘‘Made in Libya’’ exhibition space already allocated: Libya Industrial Union (libyaherald.com)
Minister of Industry and Minerals discusses cooperation with Military Industrialization Authority and latest preparations for the Made in Libya exhibition (libyaherald.com)
Libyan Industrial Union to co-organize a ‘‘Made in Libya’’ fair in Tunis in September (libyaherald.com)
Over 150 Libyan companies to participate in ‘‘Made in Libya’’ exhibition to be held in Tunis (libyaherald.com)