HomeEconomyFocus on the development of trade

Focus on the development of trade

The means to develop trade between Morocco and Libya were on the menu of a meeting, Wednesday in Casablanca, between the president of the Moroccan Association of Exporters (ASMEX), Hassan Sentissi El Idrissi, and the ambassador of Libya in Morocco, Abubakr Ibrahim Ataweel.

ASMEX President Hassan Sentissi El Idrissi, accompanied by a delegation from the Association’s Executive Board, received Wednesday December 22 in Casablanca, the Libyan Ambassador to Morocco, Abubakr Ibrahim Ataweel as well as Mhammed Taieb, Consul General of Libya in Casablanca and Yahia Faraj, Libyan economic operator, indicates an ASMEX press release.

“The Ambassador of Libya took advantage of this meeting to recall the important role of Morocco as mediator of the Libyan crisis during the various rounds of negotiations organized in Skhirate, Bouznika and Tangier between the various Libyan political components”, adds the communicated.

In this regard, Abubakr Ibrahim Ataweel thanked all the components of the country which aim to maintain a climate of peace and confidence in the region.

“Libya is now oriented towards a market economy which advocates the emergence of a free private sector in order to initiate and facilitate any commercial negotiation aimed at obtaining supplies from abroad in order to attract investors. Westerners towards the Libyan market, and this, by means of payment methods which consist in that the letters of credit are confirmed by the European subsidiaries of the Libyan banks ”, observes the same source.

The same interest was shown towards Moroccan investors who “today have a great deal of experience in the business world, especially in Africa, where south-south cooperation has taken on another dimension thanks in particular to the efforts made by the Kingdom”, noted the ambassador, quoted in the press release. “To achieve this, the Libyan government promises to facilitate the procedures and provide the necessary guarantees.”

In order to further develop trade and economic relations between the two countries, the two parties have agreed to organize a mission of Moroccan businessmen in Libya as soon as the health context allows. In this context, an appeal is launched for the reopening of the direct airline between Casablanca and Tripoli.

It is also a question of examining the possibility of organizing a permanent exhibition of Moroccan products in Tripoli and planning a “Country sheet” communication around business and investment opportunities at the ASMEX website level in the aim of making Moroccan economic operators aware of the possibilities to be seized on the Libyan market.

In addition, the two parties agreed to create a Morocco-Libya Business Club aimed at establishing regular meetings between the economic operators of the two countries and carrying out joint discussions on the development of the partnership.

ASMEX recalled the history of Moroccan-Libyan relations, highlighting the presence of some Moroccan economic operators who are members of the Association on the Libyan market, whether they are exporters or investors.

For its part, “the association is committed to doing everything possible to explore the possibilities of partnerships, at the economic, industrial and commercial level, between the two countries of the greater Maghreb”, the press release concludes.




Please enter your comment!
Please enter your name here