Malta Enterprise has sealed signed a partnership with Libyan Economy Ministry’s General Board for Ownership and Investment, the country’s agency responsible for foreign investment, trade facilitation and privatisation.

The agreement was signed during a preparatory visit to Misurata and Tripoli earlier this month when Malta Enterprise held meetings with key ministries and public and private organisations. The meetings aimed to establish formal structures so that Malta Enterprise can organise successful trade and investment delegations for Maltese business and other trade facilitation services.

The memorandum of understanding establishes a framework through which the Libyan agency will be assisting Malta Enterprise in various planned initiatives to facilitate trade and investment with Libya.

During the preparatory visit, led by the Office of the Prime Minister and the Ministry for Finance, the Economy and Investment, Malta Enterprise also had discussions with key stakeholders in Tripoli and Misurata. These included the Chambers of Commerce of the two cities and the Federation of Chambers of Commerce with which a similar agreement is expected to be signed in the coming weeks.

The delegation met officials from several other ministries, including the Minister for Industry.

Malta Enterprise is planning a trade and institutional delegation focusing on the maritime services sector in April.