No Result
View All Result
Friday, July 11, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Minister of Economy Hwej discusses increasing trade with Tunisian Ambassador

byIbrahim Senusi
July 17, 2023
Reading Time: 2 mins read
A A
Ministry of Economy discusses activating role of Credit Guarantee Fund in supporting the economy: Report and analysis

(Logo: The Ministry of Economy and Trade).

Minister of Economy and Trade of the Tripoli-based Libyan government, Mohamed Hwej, held a meeting with the Ambassador of Tunisia to Libya, Al-Asaad Al-Ajili, in the presence of the Undersecretary of the Ministry of Foreign Affairs for International Cooperation and Organizations, Omar Al-Kutti and the President of the Libyan-Tunisian Chamber of Commerce Samir Al-Wafi, in order to follow up on the commercial movement through land ports and facilitating transit procedures for citizens, goods and services on both sides.

Commenting on the meeting, the head of the Libyan-Tunisian Chamber of Commerce, Samir Al-Wafi, told Libya Herald, “This meeting comes as part of the efforts to enhance joint economic cooperation between Libya and Tunisia, especially since Libya enjoys good economic resources and Tunisia has sufficient experience in several fields in addition to possessing qualified human cadres.

This makes the economic relationship between Libya and Tunisia a complementary one and makes the partnership between them an ideal partnership that benefits the economies of the two countries’’.

Libyan-Tunisian trade at LD 5 bn / US$ 977 in 2022 – up 50 percent on 2021
Al-Wafi referred to the role played by the Libyan-Tunisian Chamber of Commerce, in participating in opening horizons of cooperation between the private sector in the two countries, converging points of view, networking commercial relations between businessmen, establishing partnerships, establishing investments and concluding deals to increase the volume of trade exchanged.

He said in 2022 bi lateral trade reached approximately 5 billion Libyan dinars, about US$ 977 million, an increase of 50 percent compared to 2021.

RELATED POSTS

Libyan and Omani Economy Ministers meet – agree to activate several existing agreements and hold a business forum

LEPC amends 2025 MoU executive programme with Tunisia to increase exports to sub-Saharan Africa

Need to establish a free zone
Al-Wafi believes that a great economic partnership between Libya and Tunisia is indispensable and that there is the need to establish a free zone between them as soon as possible. He referred to a plan proposed by the Tunisian government regarding the establishment of a free zone in Choucha -located 5 km away on the Tunisian-Libyan border inside Tunisia. He said this free zone would contribute to reducing smuggling across the border and limiting the flow of parallel trade. This, he reminded, is not subject to the commercial laws in force in both countries, which harms the economy in both countries.

Convening of the Joint Libyan-Tunisian Higher Committee
It is worth noting that the meeting touched on the ongoing arrangements for the convening of the Joint Libyan-Tunisian Higher Committee and emphasized the importance of strengthening trade relations between the two countries and supporting business owners and companies in both countries, which contributes to increasing the volume of trade exchanged.

Tags: Al-Asaad Al-Ajili Tunisian ambassadoreconomy minister Mohamed Hwej GNUTunisia Tunisian Tunisians

Related Posts

CBL receives results from meetings with international banks
Business

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

July 11, 2025
Preparations for the second ‘‘Made in Libya’’ edition in Niamey, Niger progressing
Business

“Made in Libya” exhibition to be held in Benghazi from 10 to 13 August

July 11, 2025
Sirte and BACB to improve cooperation
Business

Sirte Oil completes drilling of horizontal well in Zilten field producing 1,985 bpd using local cadres

July 11, 2025
Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges
Business

Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

July 10, 2025
Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions
Business

Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

July 10, 2025
NOC announces force majeure at Zawia port
Business

Libyan Fertiliser Company’s urea plant achieves a 95 percent production rate

July 10, 2025
Next Post
Presentation of mechanism for implementation of the GS1 system for tracking medicines and medical equipment

The Libyan Barcode Association holds its annual meeting - signs agreement with the Union of Chambers of Commerce to exchange data

Ministry of Economy discusses activating role of Credit Guarantee Fund in supporting the economy: Report and analysis

Economy Minister Hwej discusses imposed peak time power cuts and higher tariffs with industry

ADVERTISEMENT

Top Stories

  • Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

    All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    0 shares
    Share 0 Tweet 0
  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.