Tripoli based Libyan Prime Minister, Abd Alhamid Aldabaiba, chaired a meeting at his Tripoli Cabinet Office yesterday, with the attendance of Acting Minister of Economy and Trade, Suhail Abu Sheha, the Chairman of the Privatization and Investment Board (PIB), and the Head of the Commercial Registry Authority.
Stimulating investment environment, improving Commercial Registry services
The meeting was devoted to discussing plans and programmes related to stimulating the investment environment and improving Commercial Registry services. The Authority reviewed its plan to reorganize the general Commercial Registry and local registries, ensuring data is updated, procedures are simplified, and integration between its offices in various cities is achieved.
Digital Commercial Registry, Investment Map
The meeting also addressed the project for the commercial registry’s digital system and the ongoing steps to develop a comprehensive investment map that contributes to attracting local and foreign investment and strengthening partnerships with the private sector.
Regulating commercial agency, trademark issuance
During the meeting, the Prime Minister stressed the need to regulate commercial agency procedures and scrutinize trademark issuance mechanisms, to enhance transparency and prevent violations that could harm the national economy.
Fish export exemptions to be halted to mitigate local fish price rises
Aldabaiba also issued instructions to halt any exemptions for fish exports considering rising local prices, stressing that consumer protection is a top priority for the Government of National Unity.
Prudent importing policy
The meeting addressed the outcomes of the Prime Minister’s meeting with the Governor of the Central Bank of Libya regarding the indicative import budget. Coordination mechanisms between the government and the Central Bank were discussed to ensure that import credits are directed in a manner that serves economic stability and meets the needs of the local market.
Timetabled coordination to attract foreign investment
At the conclusion of the meeting, Aldabaiba directed the preparation of a joint implementation plan between the Ministry of Economy, the PIB, and the Commercial Registry Authority to facilitate procedures for attracting foreign investment according to a clear timetable.
