By Loubna Flah
By Loubna Flah
Morocco World News
Casablanca, August 12, 2012
The minister of finance and economy, Mr. Nizar Baraka asserted in a statement delivered in Rabat during a meeting with the Libyan delegation last Wednesday that Morocco is ready to back the Libyan authorities in their efforts to reconstruct their country.
The Libyan delegation headed by the Libyan Prime Minister Abderrahim Al Keeb started a diplomatic visit to Morocco since last Tuesday. During a meeting with his Libyan Libyan minister of economy and the Libyan minister of finance, Mr. Baraka stated that Morocco is seeking a further consolidation of economic partnership between both countries.
“Morocco is ready to provide Libya with the technical expertise needed to stimulate economic expansion,” the Moroccan minister added.
He insisted on the cordial diplomatic relations between Morocco and Libya and invited the Libyan authorities to set the tone for a sustainable economic cooperation.
The Libyan minister of economy in the Libyan transitional government, Salim Al Koshly asserted that the current conjecture requires that both countries embark on a new direction to strengthen their mutual interests.
Mr. Koshly added that Libya needs the Moroccan expertise in laying the foundations of a new state. He expressed the desire to see this partnership extended from the agreements between governments to the business sector.
He asserted that “Libya opens the door to all Moroccan investors “ adding that Libya is aggregating all efforts to provide a convenient environment to foreign investors as far as regulations are concerned.
The Libyan minister of finance encouraged both countries to increase the volume of bilateral trade through the signature of economic agreements in different sectors.
The visit of the Libyan delegation is expected to give a new impulse to the prospects of economic cooperation between Morocco, a country in dire need of revenues and its Libyan neighbor, a nation in the process of rebuilding its institutions and its economy.