Economy Ministry to activate role of Chambers of Commerce in its investment map

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Posted – 05th May 2021

The Minister of Economy and Trade, Mohamed Hwej, discussed during a meeting in Benghazi yesterday with the Chambers of Commerce in the eastern and southern regions their role in activating the Ministry’s investment map.

The meeting included the Chairman of the Privatization and Investment Board (PIB) the Libyan Export Promotion Centre (LEPC) as well as a number of experts.

The meeting reviewed the difficulties and obstacles that the Chambers of Commerce face in performing their work, how to deal with these obstacles, raising the level of performance of the Chambers and supporting them to play their role in economic development.

The Minister indicated that the Ministry’s action plan in controlling prices, supporting the national industry and protecting local production by organizing the import process requires effective participation from the Chambers of Commerce in the regions.

He also noted that the government and the ministry in particular are working to activate the stalled investment projects in partnership with the local and foreign private sector, stressing that the ministry will take all necessary measures to regulate the work of the Chambers of Commerce, activate credit and lending, and facilitate banking procedures in coordination with the Central Bank of Libya.

LIBYA HERALD – Sami Zaptia

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