As the first Maltese-Libyan Trade and Export Forum was being inaugurated, Minister of Foreign Affairs Ian Borg stated that a thriving Libya is crucial in order to have a prosperous and vital Mediterranean.
Minister Borg stressed Malta’s commitment to supporting Libya in it’s pursuit for capital gain and economic growth with these sentiments of cooperation between the two countries also being shared by Libyan Ministers of Economy and Trade, Mohammed Al-Hweij, and Marine Wealth, Adel Sultan.
The forum was attended by multiple representatives from all kinds of sectors including fisheries, banking, insurance and finance. Minister Borg also highlighted the importance of Libya to Maltese economy as it’s largest export partner in the region.
Borg also applauded the success of Maltese enterprises in forging strong commercial ties with Libya over the years and hoped for continued collaboration in sectors vital for both nations’ economies and welcomed Libya’s decision to diversify their economy and not be fully dependent on oil.