Cairo - 25 January 2022: The Libyan market is one of the largest receiving markets for Egyptian exports in 2021, as it ranked 9th globally, with exports worth $938 million, compared to about $570 million in 2020, achieving an increase of 64.5 percent, according to Minister of Trade and Industry, Nevine Gamea. Gamea indicated Tuesday that the current period is witnessing tangible cooperation between the two countries in the industrial field aimed at transferring Egyptian industrial expertise to the Libyan economy with the aim of restoring the rotation of the production wheel and benefiting from the great potentials of the Libyan economy. She pointed to the possibility of strengthening bilateral cooperation between the two countries in the investment field. These statements came during Gamea’s meeting with Libyan Minister of State for Economic Affairs, Salama Al-Ghawil, to review the latest developments in the relations of joint economic cooperation between the two countries and ways to enhance trade, investment and industrial relations between Egypt and Libya during the next stage. industrial sector, promoting foreign trade and developing the investment sector.

Source: Libya Today January 25, 2022 14:07 UTC