Tripoli- The Chamber of Commerce, Industry and Agriculture in the Libyan municipality of Jafara and the Chamber of Commerce and Industry northeast of Bizerte, Tunisia, signed, today, Tuesday, in Tripoli, a memorandum of understanding aimed at increasing the volume of trade exchange and expanding the horizons of cooperation between commercial, industrial and service institutions and companies in the two countries.
The memorandum of understanding – which was supervised by the Libyan Ministry of Economy and Trade – is concerned with enhancing communication between economic and commercial activities in the two countries, and exchanging laws, legislation and studies on economic activity and economic and trade information and statistics related to the markets in both countries.
The memorandum also aims to increase the volume of trade exchange and expand the horizons of cooperation between commercial, industrial and service institutions and companies in the two countries, and to focus a strategy for direct bilateral cooperation in order to head towards the African market.
In a speech after signing the memorandum of understanding, the Minister of Economy and Trade, Muhammad al-Hawij, stressed the need to activate the role of the Chamber of Commerce, Industry and Agriculture and to enhance its role in supporting industrial and agricultural activities in the region, which possesses the ingredients to achieve spatial development with the participation of the private sector, the source of the national economy.
Al-Hawij stressed the importance of developing a joint work program as a result of the concluded memorandum of understanding that contributes to strengthening trade and industrial cooperation, activating transit trade towards the African market, and contributing to providing the necessary facilities for business owners, investors and manufacturers in order to increase production and develop the local industry.
The signing ceremony of the memorandum of understanding was attended by the Minister of Economy and Trade Muhammad Al-Hawij, the Tunisian Ambassador to Libya Asaad Al-Ajili, the Undersecretary for Free Zones Affairs and the Director General of the Export Development Center of the Libyan Ministry of Economy, members of the Supreme Council of the State, the President of the Libyan-Tunisian Economic Chamber and the Director of the Private Sector Development and Investment Department at the Ministry of Economy and Trade. And a group of businessmen and investors from both countries.
Source: Libyan News Agency