The Minister of Economy and Trade in the Government of National Unity, Mohammed Al-Huweij, discussed on Wednesday with the South Korean Ambassador to Libya the development of a mechanism to organize a Libyan-Korean economic forum in the capital, Tripoli, next November.
Major Korean companies, investors, and business owners in both countries are scheduled to participate under the supervision of the Ministry of Economy and Trade, according to a statement from the ministry.
Al-Huweij discussed with the South Korean Ambassador at the ministry’s headquarters ways to enhance cooperation, raise the level of trade and investment exchange between the two countries, and open horizons 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, enhancing the role of the private sector, facilitating the movement of business owners between the two sides, revitalizing the investment partnership and working to resolve the obstacles.
The meeting reviewed the possibility of cooperation in the field of training to develop the performance of economic institutions in the State of Libya, especially corporate governance, e-commerce, and the management of economic zones and free zones, while the Korean ambassador reaffirmed his country’s desire to cooperate with Libya, and to provide technical and advisory support in the fields of economy, trade, investment and development
