Home Northern Africa Tunisian-Libyan Business Council Urges More Positive Economic Bilateral Engagements

Tunisian-Libyan Business Council Urges More Positive Economic Bilateral Engagements

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Tunisian-Libyan Business Council Urges More Positive Economic Bilateral Engagements

(3 Minutes Read)

Council President Monir Qazem stated in press remarks that bilateral trade between Tunisia and Libya has experienced significant stagnation since the closure of the crossing, greatly affecting Tunisia. Many sectors in various Tunisian governorates have halted their activities industrially and commercially, according to Tunisian officials

The Tunisian-Libyan Business Council has warned of the economic repercussions of the continued closure of the Ras Jedir border crossing from the Libyan side since March 18 last year.

Council President Monir Qazem stated in press remarks that bilateral trade between Tunisia and Libya has experienced significant stagnation since the closure of the crossing, greatly affecting Tunisia. Many sectors in various Tunisian governorates have halted their activities industrially and commercially, according to Tunisian officials.

He further noted that hospitals are also experiencing unprecedented paralysis due to the closure of the border crossing. He  explained  that the traffic at the Wazen-Zuwarah crossing was of no benefit due to its distance from the southern provinces.

Qazem pointed out that the southern regions of Tunisia are devoid of Libyans, confirming a significant economic standstill in the area, which he cautioned would majorly affect other provinces.

In the meantime, Mustafa Abdelkabir, the President of the Tunisian Observatory for Human Rights, said in press statements that dozens of trucks are stranded at the Ras Jedir crossing, indicating that there has been no agreement in Libya to reopen the crossing. He added that there is no hope of resuming crossing movements at present.

The Tunisian-Libyan Business Council was set up to restore the dynamism to the Tunisian-Libyan economic relations. The recent years were characterized by the absence of commercial rapprochement between the two countries. he said, stressing that the Libyan economy is experiencing an economic recovery.

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El-Wakil pointed out that the Libyan Central Bank had allocated USD 4 billion for the supply of foodstuff, adding that Tunisia must enjoy the largest share by at least 25 percent. The Libyan state also allocated USD 2 billion for the restructuring of the oil infrastructure. Tunisia is expected to be a partner in these reforms