The Minister of Economy and Trade, Mohamed Al-Hwej, discussed with the Ambassador of South Korea to Libya ‘‘Jang Jihak’’ last Wednesday 17 July, at the Ministry’s Tripoli headquarters, ways to enhance cooperation. The meeting discussed the development of a mechanism for organizing a Libyan Korean economic forum in the capital, Tripoli, in November 2024, with the effective participation of major Korean companies, investors, and business owners in both countries under the supervision of the Ministry of Economy and Trade.‎It also included discussing the raising the level of trade and investment between the two countries, and opening prospects for developing bilateral relations in all fields. The Minister stressed the importance of activating the agreements and memoranda of understanding concluded between the two countries, strengthening the role of the private sector, facilitating the movement of business owners between the two sides, activating the investment partnership and working to solve the obstacles facing them. ‎‎The meeting also reviewed the possibility of cooperation in the field of training to develop the performance of economic institutions in Libya, especially corporate governance, e-commerce, management of economic zones and free zones.‎For his part, the Ministry reported, Ambassador Zhang Jihak stressed his country’s desire to cooperate with the Libya and provide technical and advisory support in the fields of economy, trade, investment and development.‎Ministry of Oil and Gas denounces Egypt’s signing of agreement with South Korea to export Libyan oil without its knowledge (libyaherald.com)Minister of Labour opens new training departments at the Libyan Korean Vocational Training Centre (libyaherald.com)National Project for Rehabilitation and Reintegration signs agreement with Libyan Korean Training Centre on training (libyaherald.com)South Korea embassy to start processing visas from Tripoli ‘‘soon’’ (libyaherald.com)South Korea pledges $ 400,000 to Libyan Korean Centre’s vocational training (libyaherald.com)Libya to set up mechanism to facilitate return of contracted Korean companies (libyaherald.com)

Source: Libya Today July 21, 2024 09:01 UTC