Libya, Algeria, and Tunisia are accelerating efforts to establish free trade zones and enhance economic integration as part of the Carthage Pathway, an initiative agreed upon by the countries’ leaders in April.
Business leaders from the three nations convened in Algeria on Monday to discuss the swift implementation of this plan, which includes facilitating the transportation of goods and developing border areas.
The Algerian Council for Economic Renewal, the General Union of Chambers of Commerce, Industry, and Agriculture in Libya, and the Tunisian Union of Industry, Trade and Handicrafts have urged their governments to collaborate on creating an effective mechanism to open markets among the three countries.
The proposed measures include protecting registered trademarks and the origin of products, utilizing existing logistical infrastructure, and establishing land, sea, and air bridges to ease trade.
In a final statement, the organizations called for the removal of all practical and financial barriers to encourage joint investment. They also highlighted the need for a unified approach to facilitating the flow of goods and financial transactions, as well as the creation of a unified economic information database.
The business groups emphasized their commitment to supporting security and stability, enhancing comprehensive economic integration, and bolstering the private sector’s role in development, economic cooperation, and investment.
They aim to improve the ability of Algeria, Libya, and Tunisia to tackle challenges, achieve desired economic integration, and meet their citizens’ aspirations for stability and growth.
The meeting concluded with an agreement to establish a joint working mechanism to promote economic integration and create a partnership council comprising the Algerian Council for Economic Renewal, the Tunisian Union of Industry, Trade and Handicrafts, and the General Union of Chambers of Commerce, Industry, and Agriculture in Libya.
