Syria, Libya discuss ways to increase mutual investment

07:54, July 26, 2010      

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The coordination committee of the Syrian-Libyan Strategic Cooperation Council discussed ways to utilize the investment opportunities in both countries and necessary steps for forming a final working formula for the council's first meeting scheduled before the end of the year, the Syrian official SANA news agency reported on Sunday.

The Syrian Finance Minister Mohammad al-Hussein said in a meeting held by the committee on Saturday that it is necessary for Syria and Libya to increase trade exchange and investment and speed up the process of goods flow in the coming period.

Al-Hussein said his government is ready to lift fees imposed on Libyan goods and products to facilitate bilateral trade. He called on businessmen of both countries to utilize the investment advantages available in Syria, and help to increase the mutual investment volume by launching common investment projects, according to the report.

Secretary of Libyan General People's Committee for Planning and Finance Abdul Hafeez Al-Zulaity, who is also present at Saturday's meeting pledged to step up bilateral cooperation in the fields of economy, development, trade, customs, taxation, finance, food industries and air and maritime transport, SANA said.

Syrian President Bashar al-Assad and his Libyan counterpart Muammar Gaddafi agreed to form a joint strategic council to push forward mutual cooperation in various fields in a meeting held in Tripoli last January.

Source: Xinhua

(Editor:秦唯(实习))

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