Libya’s Minister of Economy and Trade, Mohamed Hwej, proposed developing a joint investment map between Libya and Tunisia during the meeting with the Tunisian Minister of Economy and Planning, Samir Said, on Friday, April 1, in Tunisia, to discuss several files of common interest.
Minister Hwej indicated that Libya is looking forward to strengthening cooperation with Tunisia and developing the joint investment map between the two countries aimed at supporting and developing the food and drug industry as a first step and encouraging the private sector to implement joint investment projects in the two countries – and to coordinate on the financing tools necessary to implement the joint map.
Hwej revealed that Libya is working on activating the Special Zone located in the city of Zuwara and stretching to the Tunisian border with the aim of settling industries and promoting trade exchange with neighbouring countries Tunisia and Algeria, in addition to activating transit trade towards the African market.
The two sides agreed on the necessity of:
- Implementing a comprehensive strategy for economic cooperation
- Holding joint meetings that include economic activities in the two countries
- Activating the Zuwara Special Zone during the coming period
- Supporting technical committees to enhance cooperation
- Raising the level of trade exchange and facilitating the movement of goods
- Stimulating the investment sector and promising opportunities in the sectors of industry, agriculture and health
- The possibility of establishing Tunisian medical clinics in Libya as a type of investment
- Participation in investment planning and a vision of the transit trade towards Africa
