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Home Business

Minister of Economy Hwej meets Taiwanese Economic Representative in Libya

Cooperation in reconstruction, investment, renewables, tourism, training, and IT is discussed

bySami Zaptia
October 18, 2023
Reading Time: 1 min read
A A
Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives

The Tripoli based Libyan Minister of Economy and Trade, Mohamed Al-Hwej, met Monday, at the Ministry’s Tripoli headquarters, Ali Ying, the Economic Representative of the Republic of Taiwan in Libya. The meeting was in the presence of Mohamed Al-Raied, President of the General Union of Chambers of Commerce, Industry and Agriculture, and Ezz Al-Din Mosaddeq, Director of the Foreign Trade Department and International Cooperation in the Ministry.

The meeting discussed aspects of commercial cooperation and ways to strengthen relations between the chambers of commerce and the private sector in both countries in areas of common interest.

The Minister stressed the keenness of the Ministry of Economy and Trade to provide the necessary facilities to Taiwanese companies wishing to enter the Libyan labour market. The Minister also wanted to develop trade and investment relations between the private sector in the two countries to implement the Libyan government’s plan to develop infrastructure and establish investment projects in the fields of renewable energy and tourism. He also called on the Taiwanese side to establish A commercial office in Libya under the supervision and follow-up of the Ministry of Economy and Trade.

For his part, the Ministry reported, the Taiwanese Economic Representative affirmed his government’s desire to strengthen trade relations with Libya and encourage Taiwanese companies to work in Libya and participate in the reconstruction plan and develop the renewable energy and tourism sectors, in addition to implementing training and qualification programmes for Libyan cadres in the fields of information technology and technology.

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Qatari, Italian and Swiss US$ 2.7 billion investment in Misrata Free Zone to increase its capacity to 4 million containers annually

CBL devalues LD by 14.7% from approximately LD 5.43/dollar to about LD 6.36/dollar

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