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Home Business

Libyan and Italian branches of the Joint Chamber sign MoU to unify strategy

bySami Zaptia
October 10, 2023
Reading Time: 2 mins read
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Tripoli Chamber invites investment proposals for its buildings

(Logo: TCCI).

The Tripoli Chamber of Commerce, Industry and Agriculture hosted at its Tripoli headquarters yesterday the signing ceremony of a memorandum of understanding to unify the strategy in the Libyan-Italian Joint Chamber of Commerce.

Anwar Abu Sitta, President of the Libyan-Italian Chamber of Commerce, signed for the Libyan side, and Nicola Colicchi, President of the Italian-Libyan Chamber, signed for the Italian side. The signing took place in the presence, amongst others, of the Italian Ambassador to Libya, Gianluca Alberini, the Commercial Attache, Giacomo Grandiso, and Luigi D’Aprea, head of the Italian Trade Agency.

Unify business strategy between Libyan and Italian sides
The Tripoli Ministry of Economy and Trade said the memorandum aims to unify the business strategy between the Libyan and Italian sides, strengthen trade relations between the private sector in the two countries, and contribute to the development of SME companies. It also aims to facilitate the movement of business owners and the shipment of goods and services through the ports in both countries.

The Ministry said the memorandum comes as a culmination of the approval of the Libyan and Italian sides in both countries, which included organizing joint economic meetings and seminars under the supervision of the Ministry of Economy and Trade to exchange information and studies on local markets.

Identifying the difficulties and obstacles
Anwar Abu Sitta stressed the role of the Chamber in supporting and enhancing the activity of the private sector and holding periodic meetings with business owners and companies dealing in the two countries with the aim of identifying the difficulties and obstacles facing the movement of commercial activities and services.

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Working to address these difficulties in coordination with the relevant authorities, Abu Sitta said a meeting has been arranged during the coming period in Tripoli, organized by the Libyan-Italian Chamber of Commerce and under the supervision of the Ministry of Economy and Trade, with the participation of the Central Bank of Libya, the General Authority of Customs, companies operating in the two countries, and the Commercial Attaché of the Italian Embassy, to discuss the conditions of Libyan companies working on importing from Italy and the problems facing businessmen in transporting goods through Italian ports.

Organizing the Italian Industries Exhibition in its second edition early next year on the grounds of the Tripoli International Fair will also be discussed.

Tags: Tripoli Chamber chairman Anwar Abu Sitta

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