The President of the General (Libyan) Union of Chambers of Commerce, Industry and Agriculture, Mohamed Al-Raied, met the Vice President of the Istanbul Chamber of Commerce, Mehmet Develioglu, in Istanbul yesterday.
The meeting was coordinated by the Libyan Commercial Attaché in Istanbul, Omar Darhoub, in the presence of the Libyan Consul, Salah al-Din al-Kaseh, the Chairman of the Board of Directors of the Libya Trade Network, Emhamed al-Darwish, and the Director of the External Relations Department at the Istanbul Chamber of Commerce, Sinem Erdogan.
Continuing efforts to increase bilateral trade
In an exclusive interview with Libya Herald, the President of the General Union of Chambers of Commerce, Industry and Agriculture, Mohamed Al-Raied, said that this meeting comes to complete the steps initiated by the Union of Chambers of Commerce to coordinate efforts between economic institutions in Libya and Turkey to increase the volume of trade and cooperation between private sector business in the two countries.
Turkey is one of the most important trade partners
This, he continued, is especially since Turkey is considered one of the most important trading partners for Libya, and its products and services provided by Turkish companies enjoy great competitiveness due to their high quality and low prices.
Libya seeking trade concessions
But Al-Raied explained, this comes in addition to the Libyan side’s efforts to enjoy advantages from the Turkish side related to granting Libyan products customs and tax facilities and easing restrictions on its entry into the Turkish market, leading to a real trade exchange in both directions.
Set mechanism for private sector trade
Al-Raied revealed that the discussion included the mechanism for organizing and developing economic relations and trade cooperation between the private sector under the supervision of the Ministry of Economy and Trade in both countries. The holding of forums and trade exhibitions with the participation of chambers of commerce and investors from both sides, while setting dates for joint economic activities during the coming years to be organised professionally, was also discussed.
Potential investment sectors
The head of the Union of Chambers pointed out the importance of enhancing cooperation in various sectors, including energy and clean energies, trade, investment and training, and exchanging expertise and experiences in the field of electronic commerce, maritime transport, transportation and construction. But also opening the door for Libyan and Turkish investors to invest in the health, educational and agricultural fields to benefit from Turkish experience and progress in these fields.
Finally, Al-Raid revealed that it was agreed with the Turkish side to allocate space at the Commercial University affiliated with the Istanbul Chamber to train Libyan cadres in the field of electronic commerce.