Tunisia Forum for Enhancing Economic Cooperation between Libya, Tunisia and Korea discusses developing trade with the rest of Africa

Libya’s (Tripoli-based) Minister of Economy and Trade, Mohamed Hwej, in the presence of the Libya’s Deputy Government, Ramadan Abu Janah, and the Tunisian Minister of Trade and Export Development, Fadila Ben Hamza, discussed yesterday ways to expand the horizons of trade cooperation between Libya, Tunisia and Korea towards the rest of Africa.

The discussions took place at the Forum for Enhancing Economic Cooperation between Libya, Tunisia and Korea held in the Tunisian capital, Tunis. It is being held on the side lines of the Fifth International Conference on Financing Investment and Trade in Africa (FITA 2022).

The idea of the three-way cooperation is that Korea would use Tunisia and Libya as gateways and springboards to expanding trade, including transit trade, into the rest of Africa.

Minister Hwej explained that the presence of the large Libyan delegation at this level is evidence of the interest of the State of Libya in cooperating with the Tunisian side. He said Libya views Tunisia as a strategic partner, and he considered the Libyan economy and the Tunisian economy as one.

He noted the stagnation and rising prices that the global economy is going through, stressing that Libya and Tunisia are the gateway to Africa, which requires working together to activate transit trade towards Africa.

Call on Korean companies to resume stalled Libyan projects
The Minister indicated that the State of Libya is looking forward to strengthening cooperation with Korea to develop infrastructure, reconstruction, technology and the communications sector and implement investment projects in all sectors, calling on companies and businessmen from Korea to return to complete and resume their work as soon as possible, stressing the keenness of the Ministry of Economy and Trade to provide the necessary facilities to companies Korean and provide a suitable work environment.

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