The Minister of Economy and Trade, Mohamed Al-Hwej, met last Tuesday (30 January) with business owners and Egyptian companies participating in the activities of the Libya Food Exhibition, in the presence of the Chairman of the Privatization and Investment Board (PIB), the Chairman of the General Authority for Exhibitions, the Minister’s Advisor, and the President of the Libyan-Egyptian Chamber of Commerce.
The meeting was held on the sidelines of the Libya Food Exhibition held at the Tripoli International Fairgrounds from 28 – 31 January where 39 Egyptian companies were exhibiting.
The Minister was briefed on the progress of the intra-trade movement between the two countries, and he also followed the observations of company owners about the procedures followed through the land borders on the Libyan and Egyptian sides, and the problems and difficulties facing the movement of business owners and investors from the two countries.
The Minister stressed the importance of activating the trade agreements concluded between the two countries to support trade exchange, facilitate the movement of business owners, and stimulate the investment partnership between the private sector.
During his speech, he urged Egyptian companies to explore the promising investment opportunities in various sectors and build a partnership with the local private sector to establish investment projects and benefit from the advantages granted by the Libyan Investment Law to local and foreign investors.
He also directed the affiliated agencies and the competent department of the Ministry to communicate with the Egyptian Ministry of Commerce to work to solve the problems and obstacles facing the movement of trade and the movement of company owners between the two countries.