The meeting was dedicated to discussing the economic file and the role of the private sector in the current phase, particularly in enhancing partnerships with China in the fields of investment and trade exchange, as well as the pivotal role of the Libyan-Chinese Business Council in supporting and strengthening economic relations at the private-sector level with the People’s Republic of China.
Special emphasis was placed on facilitating the movement of businesspeople and opening broader prospects for cooperation in the sectors of industry, infrastructure, energy, and the organization of joint exhibitions and forums. China is considered a key trading partner for the Libyan private sector and an important supplier of equipment and technologies necessary for reconstruction and development programs. Deepening economic cooperation with China represents an important opportunity to diversify the economy, attract investments, and create new job opportunities. Hence, the importance of supporting the Libyan-Chinese Council by the Presidency institution to enable it to carry out its role effectively.
The meeting also addressed the initiative of the Libyan Businessmen Council to establish the Libya Industrial Development Fund as a financing instrument to support national industrial projects, in addition to the Council’s role in establishing the Libyan Cooperative Company for the Management of Industrial Zones, with the aim of enhancing the efficiency of these zones and making them more attractive to investment.
The President of the Presidential Council welcomed these initiatives and affirmed their importance in supporting the role of the private sector, stressing the need for continued coordination between the Libyan Businessmen Council, the Libyan-Chinese Council, and the relevant entities to activate these initiatives in a manner consistent with the economic priorities of the current phase.
