馃嚤馃嚲LibyaNorth Africa
Libya and Italy discuss expanding trade, investment, and business environment
via Libya Herald5 min read
Suhail Abu Shiha, Libya's Minister of Economy and Trade, met with Italian Ambassador to Libya, Gianluca Albrini, along with the heads of the Libyan and Italian Chambers of Commerce, Anwar Abu Sitta and Nicola Colicchio, and Fabio Giudici, Director of the Commercial Office at the Italian Embassy. The meeting focused on reviewing trade indicators and existing investment partnerships across various sectors. Discussions also covered mechanisms to enhance cooperation between chambers of commerce and business owners to facilitate trade, increase exchange volume, and strengthen investment. The Minister highlighted the strong Libyan-Italian relations and Rome's support for Libya's economic development, reaffirming the Ministry's commitment to assisting Italian companies and investors entering the Libyan market and participating in government projects. The Italian ambassador praised the Tripoli-based Libyan government's efforts in revitalizing trade and investment, noting its growth and Italy's desire to boost transit trade to European and African markets by leveraging both countries' geographical locations. A workshop on "Libyan-Italian Relations: Towards a Comprehensive and Sustainable Cooperation Model" was also discussed, covering economic and development issues such as oil, renewable energy, agriculture, marine resources, water resources, investment promotion, and export development. Anwar Abusitta stated that the next phase will focus on activating the Joint Chamber of Commerce
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