Libya and Malta Vow to Up Bilateral Trade and Investment

April 26, 2024

(3 Minutes Read)

More than 50 Libyan businessmen and 100 Maltese companies specialized in the fields of food industries, building materials, health, insurance, banking, and shipping participated in the Libyan-Maltese Trade and Export Forum held in Malta from 24 to 26 April.

Libya’s participation and delegation was headed by the Minister of Economy and Trade, Mohamed Hwej, and Minister of Marine Wealth, Adel Sultan.

Minister of Economy and Trade, Hwej, accompanied by the Maltese Minister of Foreign Affairs, European Affairs and Trade, Ian Borg, opened the activities of the event.
During his speech, Minister Hwej stressed the importance of investment, trade, and export between the two countries to achieve economic development and open cooperation horizons in trade. In this context, the Minister called for work to increase the volume of trade exchange and find appropriate solutions to the problems facing business owners.

The forum aims to bring trade and investment opportunities to both countries, which contributes to enhancing economic development, creating new job opportunities, bilateral cooperation in multiple fields, deepening economic relations, and increasing Libya’s exports of products to enhance revenues and diversify sources of national income. The forum also seeks to open new horizons for Maltese products to reach African markets. Libya is considered an important gateway to Africa.

The accompanying exhibition was also opened on the sidelines of the forum with the participation of Libyan and Maltese companies. More than 20 companies specialized in the fields of agricultural and marine production, food industries, shipping, insurance, and banking participated in this exhibition.