Libya and Tunisia have taken significant steps to strengthen their economic ties during a high-level meeting in Cairo. Libya’s Minister of Economy and Trade, Mohamed Al-Huwaij, met with Tunisia’s Minister of Trade and Export Development, Samir Obeid, on the sidelines of the Arab Economic and Social Council meeting. The talks focused on improving trade, supporting joint investments, and working together in regional and international forums.
The two ministers discussed ways to make trade between their countries easier and more efficient. They plan to reduce barriers, improve logistics, and create new opportunities for businesses. This move is expected to boost economic activity and benefit both nations.
A major focus of the meeting was on joint investment projects, especially those involving both government and private companies. These projects will cover key areas like infrastructure, energy, and agriculture, helping to create jobs and drive economic growth.
The ministers also agreed to work together in regional and international forums. By presenting a united front on development and investment issues, they hope to attract more foreign investment and tackle shared challenges like trade imbalances and sustainable development.
Another important topic was transit trade, which involves moving goods through one country to another. Both sides agreed to develop a clear plan to improve this area, including better infrastructure, simpler customs processes, and safer trade routes.
The meeting also highlighted the need to act on decisions made by the Libyan-Tunisian Joint Economic Committee, a group that promotes cooperation between the two countries. Additionally, the ministers discussed putting into action agreements made during Obeid’s visit to Libya in December 2024.
This meeting shows the growing commitment of Libya and Tunisia to build a stronger economic partnership. By focusing on trade, investment, and regional cooperation, the two nations are paving the way for a more integrated and prosperous future.