ID :
146084
Thu, 10/14/2010 - 21:25
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TURKISH FOREIGN TRADE MINISTER TRAVELS TO LIBYA

ANKARA (A.A) - 14.10.2010 - Turkey's state minister for foreign trade left Turkey for Libya on Thursday on a one-day formal visit.
Minister Zafer Caglayan will meet Libyan Secretary of the General People's Committee for Economy, Trade, & Investment Muhammad Ali al-Huwayz.
Caglayan will also hold talks with the executives of the Libyan Housing and Infrastructure Board (HIB), Libyan Investment and Development Company (LIDCO), Libyan Organization for Development of Administrative Centers (ODAC), and Libyan Court of Accounts.
During his meetings, Caglayan will take up commercial and economic relations, problems of Turkish companies in Libya, Turkish-Libyan joint ventures, and ways to increase Turkish exports to Libya.
Trade volume between Turkey and Libya climbed to 2.2 billion USD in 2009. The amount of projects Turkish contractors have undertaken in Libya since 2007 has exceeded 15 billion USD.
Turkey is expected to boost its not only commercial relations and contracting services, but also increase its investments, technical consultancy, tourism, energy and industry with Libya.
Turkish and Libyan governments support establishment of joint ventures. Moreover, foreign trade, investment and contracting working groups, set up between the two countries, are expected to hold meetings soon.

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