Germany expressed its eagerness to enhance cooperation with Libya during a recent meeting in Tripoli between German Chargé d’Affaires at the Germany Embassy in Libya, Sven Krauspe, and Libya’s Minister of Economy and Trade, Mohammed Al-Huweij.
Targeting economic diversification, Krauspe highlighted the commitment of German institutions to partner on renewable energy and water resource projects; complete contracted projects; foster private sector participation; and enhance Libya’s revenues through the rollout of non-oil initiatives.
Meanwhile, Minister Al-Huweij urged collaboration between Libya’s Department of Trade and International Cooperation and the Commercial Department of the German Embassy in facilitating investment meetings and partnerships between German and Libyan companies and institutions, such as the General Union of Chambers of Commerce, Industry and Agriculture, as well as the Business Owners Council.
The Minister also showcased Libya’s economic diversification strategy and willingness to bolster trade cooperation with European countries.