Economy Minister Hwej discusses with UK embassy return of companies to Libya and resumption of investment projects

The Minister of Economy and Trade in the Tripoli-based Libyan government, Mohamed Al-Hwej, discussed during his meeting with the British Deputy Ambassador to Libya, Katherine Wilde, the mechanism for the return of British companies and the resumption of investment projects contracted ten years ago.

Improved economy and security
Commenting on the meeting, its discussions and the desired results, a spokesman for the Ministry of Economy and Trade told Libya Herald that his ministry had held several previous meetings with a number of ambassadors of the European Union and representatives of several other countries, including the United States of America, China and Korea, including missions of Arab countries, in order to inform them of the improvement in the economic situation as well as security in all parts of the country, despite the continuing political division.

He explained that Minister of Economy, Hwej has adopted the principle that Libya is one, even if a division occurs, and his ministry remains serving the country’s supreme interests in all its cities without discrimination. Therefore, all diplomatic missions were invited to consider the economic interests involved in part of Libya as the basis for establishing relations and establishing partnerships, beneficial to all parties.

British business delegation (LBBC) visit to Benghazi reviewed
The meeting also reviewed the results of the British delegation’s (LBBC) visit to the city of Benghazi and the current arrangements for organizing the delegation’s visit to Tripoli, during the coming period.

A meeting of the Libyan-British Follow-up Committee
The Minister stressed the importance of holding a meeting of the Libyan-British Follow-up Committee with the aim of developing bilateral relations and cooperation in the fields of trade and investment and strengthening the role of the Libyan-British Business Council to organize economic and trade activities and establish a partnership between the private sector in both countries.

UK desires to enhance economic cooperation
The spokesman reported that Ms. Wild reported the United Kingdom’s desire to enhance cooperation with Libya in the fields of trade, investment, transportation, free zones, and renewable energies. She also affirmed the keenness of British companies to resume their activities in Libya and contribute to the reconstruction and participation of the local private sector in the implementation of investment projects.

To enhance communication
The spokesman reported that the two sides agreed to enhance communication between the competent departments of the ministry and the commercial attaché of the British Embassy in Libya and to organize bilateral meetings that organize economic and commercial activities in both countries.