The Tripoli based Libyan government reported today that its high-level delegation held extensive meetings in Washington, DC, with US government institutions, including the Office of the United States Trade Representative (USTR) and the United States Geological Survey (USGS). The meetings aimed to strengthen the economic and trade partnership between the two countries and expand investment cooperation.
The largest ever Libyan government delegation on an official mission to the US, arrived on 3 September for ten days.
The delegation included the Chairman of the Executive Team for Presidential Initiatives and Strategic Projects, the Chairman of the Libyan Investment Authority (LIA), the Undersecretary of the Ministry of Economy and Trade, the Undersecretary of the Ministry of Health, the Chairman of the General Information Authority, the Chairman of the National Mining Corporation, the Director of the Cooperation Office at the Ministry of Oil and Gas, the Director General of the (ODAC) Organisation for the Development of Administrative Centres, the Chairman of the Renewable Energy Authority, of Libya (REAoL) and the Director General of the General Electricity Company of Libya (GECOL).
Investment and trade framework discussed
During its meeting with the Office of the USTR, the delegation discussed developing the investment and trade framework between the two countries, with a focus on enhancing trade exchange and overcoming obstacles related to customs tariffs and import and export licenses.
Opportunities for cooperation reviewed
The discussions also reviewed opportunities for cooperation in the fields of oil and gas, renewable energy, health, minerals, electricity, communications, transportation, infrastructure, and financial asset management.
FDA approved US medical products into Libyan market
The meeting also addressed the issue of US medical products approved by the US Food and Drug Administration (FDA), discussing mechanisms to eliminate duplication of inspection procedures to facilitate their entry into the Libyan market.
US Geological Survey to study potential rare metals and mining in Libya
In another meeting with the US Geological Survey, the possibility of signing a memorandum of understanding with the General Authority for Mining in Libya was discussed. This memorandum aims to conduct advanced studies on the country’s potential for rare metals and develop the mining sector.
Joint investment opportunities in Libya’s mining
The meeting also addressed joint investment opportunities in this vital sector and the importance of leveraging US expertise in geological studies and modern technologies to support economic development efforts and diversify sources of national income.
Libya aiming to build strategic partnerships
The Tripoli government said these meetings are part of its delegation’s extensive official programme in Washington DC aiming to build strategic partnerships with US government institutions and the private sector to serve the common interests of both countries.
.
Largest-ever Libyan government delegation to visit Washington first week of September
