Turkey and Libya strengthen economic and trade relations
#Cooperation #Economy #MediterraneanExchanges #Trades #LIBYA #TURKEY
Denys Bédarride
Sunday 23 August 2020 Last update on Sunday, August 23, 2020 At 9:00 AM

Turkey and Libya signed a memorandum of understanding to strengthen bilateral trade and economic relations, Turkey's trade minister announced on August 13.

The agreement will lay the groundwork for resolving the current issues between Turkish companies and Libyan employers, [and for] defining new investments and undertaking new projects,” Ruhsar Pekcan said at a meeting held in Ankara, the capital of Turkey.

Pekcan recalled that recently some projects contracted and undertaken by Turkish companies in Libya had to be interrupted.

There were uncertainties about the completion of these projects and Turkish companies had outstanding debts in these projects,” the Turkish Minister of Commerce noted.

Cooperation between Ankara and Tripoli has been on the rise since last year, following in particular the signing of two bilateral agreements, one on military cooperation and the other on the delimitation of the common maritime borders of the two countries of the Eastern Mediterranean.

Source Anadolu Agency