Thursday, December 09, 2021

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Algeria, Libya seek to boost commercial relations

Algeria, Libya seek to boost commercial relations

Algiers, May 30 (Prensa Latina) Algerian and Libyan officials and businesspeople held an Economic Forum to boost bilateral trade relations, the Ministry of Trade reported in this capital on Sunday.
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The institution revealed that, during the forum, both parties called to facilitate procedures and logistics in order to increase trade by more than 3 billion dollars, by assessing the great business potential between both neighboring Maghreb countries.

The success of this alliance depends on tangible and pragmatic support from Algerian and Libyan businesspeople to reactivate the Joint Buisness Council through the institutional role of the Chamber of Commerce and Industry in both nations Algerian Minister of Trade Kamel Rezig said. For his part, Libyan Minister of Economy and Trade, Mohamed Al Hawij, called for the creation of a free zone between both countries, and the opening of the Debdeb-Ghadames border crossing point to strengthen bilateral exchange.

At present, trade between both countries amounts to 65 million dollars, 59 million of which are from Algerian exports to Libya.

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