In a significant step towards bolstering trade cooperation between the two nations, Mohamed Al-Hwaij, the Minister of Economy and Commerce of Libya’s interim Government of National Unity, alongside his Tunisian counterpart, Kalthoum Ben Rajab, unveiled the “Transit Trade Corridor to Africa” initiative on Thursday.
The announcement came during Al-Hwaij’s visit to the Tunisian capital with a Libyan delegation. The focus of this initiative is to establish an African trade corridor between Tunisia and Libya that extends towards sub-Saharan African countries, as stated in an official release shared on the ministry’s Facebook page. The move is seen as a culmination of shared efforts to expand the horizons of cooperation and trade between the two neighboring nations.
During the meeting at the Tunisian Ministry of Economy, both parties delved into procedural and logistical measures associated with managing trade routes, specifically through the Ras Jedir crossing point. Discussions centered on ways to facilitate the movement of goods, enhance bilateral trade, and surmount any existing challenges.
It was also decided during the meeting to form a rapid response team to address any impediments occurring at the Ras Ajdir border crossing. This decision underlines the commitment of both governments to augment economic collaboration and ease trade movements across their shared border, according to the statement.
The Ministry of Economy of the National Unity Government emphasized that this meeting underscores both governments’ commitment to fostering economic cooperation and deepening trade relations, ultimately serving the mutual interests of both nations.
The newly launched “Transit Trade Corridor to Africa” initiative by Libya and Tunisia marks an important milestone in enhancing trade relations and economic collaboration between the two countries. As Africa continues to emerge as a significant global trade player, such initiatives play a pivotal role in driving regional growth and connectivity.
