Egyptian and Libyan governments agreed on establishing a joint industrial zone in Libya, said Minister of Trade and Industry Mohammed Rachid on Thursday. In statements to the press following a meeting with his Libyan counterpart Mohamed al-Hweij, Rachid said that a working group comprised of Egyptian and Libyan investors and government officials would hold a joint meeting early January.
He explained that the purpose of the meeting was to develop a clear and comprehensive vision for establishing a joint industrial zone as well as logistics for the storage of goods on the Libyan-Egyptian border to facilitate trade between the two countries.
Rachid said the two governments will work on encouraging the establishment of projects in the border region and on providing new benefits to investors from both countries to initiate such projects.
Rachid added that a working group comprised of representatives from the Egyptian and Libyan Ministries of Commerce and Industry and the Customs Department will visit the port of Salloum next week to ensure the elimination of customs duties on goods traded between the two countries in accordance with the new trade agreement.
Translated from the Arabic Edition.
