Turkey, Libya sign economic and trade deals – Middle East Monitor


Turkish Minister of Commerce Ruhsar Pekcan announced the signing of very important economic and trade agreements with Libya.

This happened on Thursday at a joint press conference with Libyan Plan Minister Taher Al-Juhaimi in Ankara.

“We have signed very important economic and trade agreements with Libya,” Pekcan confirmed.

The Turkish official added that the agreements pave the way for the completion of negotiations between Turkish companies and their Libyan counterparts, while explaining that the agreements aim to complete stalled Turkish projects and overcome obstacles that hinder the implementation. implementation of construction projects in Libya.

Pekcan said some subcontracting projects implemented by Turkish companies in Libya have recently been halted and have not been able to collect financial contributions.

The Turkish minister stressed that the two sides have undertaken comprehensive and important work to resolve this issue and settle the unpaid dues, with the aim of launching new projects and investments in the future.

READ: US envoy discusses solution to Libyan crisis with Turkey

Pekcan stressed that the signed agreement is a guiding document that lays the foundation for the completion of negotiations between Turkish companies and their Libyan counterparts to reach a solution.

“We believe that the signed document will resolve the issues between Turkish companies and their Libyan counterparts,” the Turkish official said.

Pekcan continued, “We have no doubt that the CEOs of Libyan companies will show all kinds of support and follow a conciliatory approach with Turkish companies in order to conduct results-oriented negotiations.”

The minister stressed that the return of Turkish companies to work on the new stalled projects will meet the needs of Libya and support the stability and development of the country, thereby improving the well-being of the Libyan people.

Pekcan also said that Turkish contracting companies have implemented more than 10,000 projects in 127 countries around the world, valued at $ 407 billion, while the volume of Turkish projects in Libya stands at 28.6 billion. of dollars.

The minister noted that Turkey and Libya have conducted friendly and fraternal exchanges throughout history.


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