Al-Huweij reviews economic cooperation mechanism with EU

Al-Huweij reviews economic cooperation mechanism with EU

November 19, 2022 - 19:19
Posted in:
Written By: AbdulkaderAssad

The Libyan Minister of Economy and Trade Mohammed Al-Huweij discussed with the designated Secretary General of the Arab-European Center for Human Rights and International Law, Ramadan Benzeer, the mechanism of cooperation between Libya and European Union (EU) countries in the fields of economy and trade, in addition to contributing to the implementation of investment projects and infrastructure development.

According to a statement issued by the ministry, Al-Huweij said in the meeting that took place in Tripoli on Thursday that Libya is characterized by a geographical location that represents a trade gateway between the EU and the African market.

Al-Huweij reaffirmed the country's commitment to the agreements concluded with the EU, and its work to activate the stalled projects, as well as the implementation of new projects aimed at developing infrastructure and other investment projects with the support of the United Nations and the EU; to achieve spatial and sustainable development, especially in the Libyan southern region.

Benzeer reiterated the keenness of the EU countries to strengthen relations with Libya in various fields, and to work together to encourage European investors and companies to resume their projects in Libya in addition to contributing to the reconstruction process.

Meanwhile, the two sides agreed to improve communication between them and to work on organizing joint economic events that include businesspersons and investors with the aim of exchanging experiences and participating in the implementation of targeted projects in different regions.