Libya, Russia sign cooperation agreement

Tripoli, Mohamed Al Raid, the Head of the Libyan General Union of Chambers of Commerce, signed with Vladimir Badalko, the Deputy Head of the Chamber of Commerce and Industry of Russia, a cooperation agreement in the economic sector. The agreement, which was signed in Moscow, Russia, stipulated the commitment of both parties to contribute to expanding communications between institutions, organisations, companies, and businessmen between the two countries and to exchange all information of common interest related to the economy and foreign trade in the markets of both countries, Libyan News Agency (Lana) reported. The agreement also included providing assistance to organise forums, conferences, and meetings in the area of economy and trade and to hold regular meetings to evaluate the agreed upon procedures, overcome obstacles that hinder the development of economic cooperation, and consider current and future issues of bilateral cooperation. Source: Bahrain News Agency