The Libyan Business Council (LBC) reports that during the Libyan British Business Forum, held in London on 14 November and organized by the LBC in cooperation with the West London Chamber of Commerce, an MoU was signed, and an LBC London Office was established.
The LBC reports the work of the forum witnessed the holding of a number of direct meetings between companies where there was wide participation of about 130 Libyan and British companies from the private sector representing various business sectors.
MoU signed
The MoU between the LBC and the West London Chamber of Commerce was signed on the Libyan side by the Executive Director of the Council and on the British side the President of the West London Chamber.
The MoU includes a framework for cooperation between the two institutions with the aim of developing economic ties and facilitating trade and investment exchange at the level of the private sector between Libya and the United Kingdom.
It stressed the importance of organizing mutual trade visits and providing greater space for communication between companies in order to contribute to building practical partnerships, in addition to enhancing areas of cooperation in the commercial, developmental and knowledge aspects.
LBC Libya Office established at the West London Chamber
During the event, and as per one of the terms of the MoU, an LBC London Office was established within the headquarters of the West London Chamber of Commerce to be a permanent platform for communication and to facilitate trade and investment linkage services between the private sector in the two countries. The office will also work to follow up on the outcomes of the forum and coordinate joint initiatives.
With these steps, the LBC said, a practical door is opened to enhance cooperation between economic actors at the private sector level in Libya and the United Kingdom, with a focus on supporting initiatives that will enhance trade cooperation and expand prospects for future partnerships.
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‘‘Libya Business Day’’ held in London with participation of 130 companies
