Turkey inks deal with Libya to enhance economic ties

Turkey inks deal with Libya to enhance economic ties

Turkish Trade Minister Ruhsar Pekcan and Planning Minister Taher Jehaimi hold a joint press conference in Ankara, Turkey on August 13.

NEW INVESTMENTS WERE ON THE TABLE

The two countries signed a memorandum of understanding (MoU) to boost trade and economic ties, Pekcan 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 held in Turkey’s capital Ankara.

Pekcan recalled that some contracting projects undertaken by Turkish companies in Libya have been interrupted recently.

“There were uncertainties regarding the completion of these projects and Turkish companies had remaining receivables in these projects,” she said.

Exit mobile version