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Libya, Turkey ink deal to improve economic, trade ties

The Libyan Government of National Accord (GNA) signed with Turkey a memorandum of understanding (MoU) to boost trade and economic ties, the Turkish trade minister said Thursday.

The deal will lay the groundwork for resolving ongoing issues between Turkish firms and Libyan employers, setting new investments and undertaking new projects, Ruhsar Pekcan said at a meeting with the Libyan Planning Minister Al-Taher Al-Jahami, in Turkey’s capital Ankara.

Pekcan recalled that some contracting projects undertaken by Turkish companies in Libya have been interrupted recently, saying there were uncertainties regarding the completion of these projects and Turkish companies had remaining receivables in these projects.

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