The Morocco-Libya Business Forum, hosted by the Tanger-Tetouan-Al Hoceima Area Chamber of Commerce, Industry and Services (CCIS-TTA), will take place in Tangier from November 1 to 3.
In partnership with the Libyan General Union of Chambers of Commerce, Industry, and Agriculture as well as the Libyan Businessmen’s Council, the forum aims to strengthen inter-regional partnerships and exchanges.
The forum also seeks to expand trade volume, foster investment prospects and regional economic integration between Morocco and Libya, and fortify access to both African and international markets.
This event was due to take place last September, but it was postponed because of the natural disasters that Morocco and Libya experienced.
In order to increase trade and investment prospects, the forum also looks forward to boosting financial cooperation, as well as to foster collaborative efforts in the areas of logistics and air and sea transportation.
To address preparations for this first-ever business roundtable between the two parties, the Regional Chamber had a coordination meeting with its Libyan counterparts.
The Chamber stated that the meeting began with a presentation of the overall framework for the forum.
It highlighted Morocco’s decision to liberalize its trade and economy in the early 1980s and the proactive reforms it adopted to support this policy, such as the removal of non-tariff barriers to import and export, the streamlining of the import tax system, and the rationalization of customs duties.
On the other hand, Libya has witnessed a notable surge in private sector operations since 2018, specifically concerning production, exports, and market expansion.
In addition to the growing interest in several Libyan ports and free zones, the private sector has substantial commercial assets and a potent marketing capability that allows it to collaborate and compete with other nations.
Source: Morocco World News
Add Comment