Thursday, June 20, 2024
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HomeBilateral agreementsNew Malta-Libya agreements: stronger trade relations

New Malta-Libya agreements: stronger trade relations

Trade relations between Malta and Libya have been strengthened thanks to a series of agreements recently signed between the Maltese Embassy in Tripoli and the Libyan Business Council (LBC).

The agreements were finalized during a meeting that took place recently between the leader of the LBC, Abdalla Fellah, and the Maltese ambassador to Libya Charles Saliba. Also present were the Maltese consul, Sandro Magro, the executive director of the LBC, the chairman of the LBC’s economic committee, and the heads of the LBC’s eastern and southern branches.

Fellah extolled the strength of good neighborly relations between the two countries and the importance of economic cooperation with some major players in the private sector, thanks to which it will be possible to encourage new investments and facilitate the mobility of entrepreneurs between the two countries.

Malta has received an official invitation to open a new consulate in Benghazi, as well as to participate in new investment opportunities in Southern Libya, where interesting projects are being developed both in the field of industry and agriculture.

The Maltese ambassador then heard reports on the reconstruction projects in Libya, implemented thanks to the contribution of the private sector, and on the new digital business platform Almenasa, created to provide services to businesses and encourage new public-private partnerships.

Other agreements reached concern: the facilitation in the granting of visas, a future visit to Malta by a delegation of LBC at the invitation of the Chamber of Commerce, the opening of new branches of Libyan banks in Malta and the recognition of the Libyan certificate of vaccination in order to travel to Malta without the obligation of quarantine.

DISCLAIMER

This article provides general information only and does not replace professional advice in any way. It is recommended to consult a qualified professional before making any important decisions regarding financial, legal or other matters. The author and the publication are not responsible for any errors or damages caused by the use of the information contained in this article.

Giovanni Guarise
Giovanni Guarise
Professional journalist since 2010, over the years as a freelance he has dedicated particular attention to the world of Small and Medium Enterprises, creating in-depth studies and focuses for various newspapers, and collaborating in communication activities for a trade association in Veneto.
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