Monday 28 March 2022
Last update on Monday, March 28, 2022 At 9:44 AM
Since the outbreak of the war in Ukraine, tensions related to the supply of basic products have been exacerbated in Libya. In this sense, shortages of oil and flour have been noted. This phenomenon is likely to be accentuated by the decisions of Tunisia and Egypt to stop their exports of basic products.
The President of the General Federation of Egyptian Chambers of Commerce, Ahmed El-Wakil, said that Egypt had stopped all exports to Libya for the next three months. These commodities include oil, pasta, flour, corn, chickpeas and cereals.
Thus, according to the Skynews news channel, Libya has officially asked Tunisia to be exempted from the suspension of exports of basic products. Separately, the Director of the Commercial Department of the Libyan Ministry of Economy indicated in a press conference on March 14 that Libya is also turning to Turkey to cover its shortfall in cooking oil, adding that efforts are underway. to find supply alternatives.
In short, the country wishes to prevent a food crisis while the month of Ramadan often results in a significant increase in consumption.
Libya and Tunisia wish to increase the level of bilateral trade
Economy and Trade Minister Mohammed Al-Hawij and Tunisian Ambassador to Libya Al-Assaad Al-Ajili met on March 15 to discuss increasing the level of trade between the two countries.
Several measures have been targeted in order to develop an economic cooperation strategy:
1) facilitating private sector trade procedures
2) organize joint exhibitions in cooperation with the Libyan and Tunisian Chambers of Commerce
3) create a Tunisian-Libyan business center to support start-ups in the technology and service sectors.
Source Embassy of France in Libya
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