Libyan Minister of Economy and Trade, Mohamed al-Hawij announced that there are now 51 joint cooperation agreements between Egypt and Libya in areas of industry, agriculture, employment, trade, services and more.
With the signing of 14 new agreements and memoranda of understanding alongside the updating of old ones, Hawij said that economic cooperation between Egypt and Libya is back after a 12-year hiatus.
This opens the door to accelerating reconstruction projects in Libya, especially if elections are held on time.
“The deteriorating situation has halted cooperation in several areas, so we are reactivating agreements to exchange benefits,” Hawij said.
“Egypt is witnessing a great urban renaissance using modern methods, and it is a successful model that must be emulated, especially since this took place in a short period with a sophisticated vision in managing time and projects, and Egyptian companies have extensive experience in construction and trained labor,” he continued.
He added that these recent agreements are primarily economic, especially in oil and gas exploration, trade, facilitating the residence of Libyans in Egypt, and their transportation between Egypt and Libya and the same for Egyptian experts and workers in Libya, alongside the opening of airports between the two countries.
He also referred to the establishment of a free trade zone between Egypt and Libya, saying: “The transit trade is one of our priorities, and the free zone is a mean to facilitate trade exchange and export for African countries, and we expect to open it soon.”
Meanwhile Libyan Prime Minister Abdel Hamid al-Dabiba ordered some officials to stay in Egypt to continue cooperation regarding the Libyan community in Egypt and to prepare a detailed report on it.