Libya exported quantities of dates to Morocco with the mutual opening of branches of companies from both countries as part of the successful outcomes of the Moroccan Libyan Business Forum held from 1 to 3 November at Tangiers, Morocco.
The news was confirmed in an exclusive statement to Libya Herald by Yassin Busriwail, the General Manager of Outbox Team Company, organiser of the Moroccan Libyan Business Forum, and a member of the Libyan Business Council (LBC).
Busriwail said several commercial deals were achieved as an outcome of the forum, with the Libyan Al-Sababil Al-Jadeeda Company exporting more than 1,000 tons of dates to the Moroccan market. SR GROUP, the agent of the German company Deutsche Colour Building Technologies, Libya branch, meanwhile, announced the opening of a new branch in Morocco.
Moroccan renewable energy, textiles, clothing, manufacturing to open branches
On the other hand, Moroccan renewable energy companies confirmed that they will open branches in Libya after completing studies related to the sector. Partnerships were also concluded between Libyan investors and Moroccan companies to establish joint industries in the two countries, led by the textile, clothing and manufacturing industries. Branches for Libyan and Moroccan companies in both countries and granting the necessary facilities, were also agreed, Busriwail said.
Increase trade in several sectors
Busriwail stressed the most important goals of the forum that are being worked on, related to increasing the volume of trade exchanged, increasing investment opportunities, increasing economic integration while enhancing access to African and global markets. Improving joint banking cooperation to enhance investment and trade opportunities, in addition to joint cooperation in maritime and air transport and the logistics sector are also a bilateral focus.
Source : Libya Herald