Shadhar Al-Sayed, the advisor to the Minister of Economy and Trade, discussed today, Sunday, with the Deputy Director-General of the Department of International Trade Relations, Jian Hongxi, at the headquarters of the Chinese Council to promote international trade in Beijing. They discussed the development of a joint action strategy aimed at enhancing bilateral trade, expanding Libyan exports to foreign markets, and facilitating the work procedures for Libyan traders and business owners in the Chinese market, contributing to an increase in trade volume.
They also discussed the agreement adopted by the Council of Ministers in 2010 between the Libyan Business Council and the Chinese Council to promote international trade. The agreement stipulated the formation of a Libyan-Chinese Business Council from both sides, holding regular alternating meetings in both countries, organizing trade fairs and specialized forums, and providing training.
Shadhar confirmed the previous trade cooperation, which reached $21 billion in 2010, with 75 Chinese companies operating in the Libyan market in various fields over the past years.
Jian Hongxi emphasized the Chinese Council’s desire to enhance international trade in collaboration with the Libyan Ministry of Economy and Trade in the fields of trade and industry. He expressed the intention to create a genuine partnership between the two countries and work on signing a memorandum of understanding in this regard.
At the end of the meeting, it was agreed to organize trade exhibitions and forums between the two countries in collaboration with the General Authority for Exhibitions, affiliated with the Ministry of Economy and Trade, due to its significant role in enhancing economic ties, exchanging experiences, and presenting investment opportunities.