President of the Libyan Union of Chambers of Commerce, Industry and Agriculture, Mohamed Raeid visits Palestine to establish commercial partnerships

  • Ramallah, Palestine
  • 15 February 2023
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The Palestinian Minister of Economy, Khaled Osaily, received a delegation of Libyan private sector unions, headed by the President of the Union of Libyan Chambers of Commerce, Mohamed Raeid, in Ramallah, in the first visit of a Libyan economic delegation to the Palestinian territories in many years.

During the meeting, they agreed to stimulate trade exchange between the two countries, and to establish partnerships between Palestinian businessmen and their Libyan counterparts, including the establishment of an exhibition of Palestinian products in Libya "Made in Palestine", and the exchange of visits between businessmen to explore available investment opportunities.

Minister Osaily pointed out that "we are interested in translating this historic visit of the Libyan delegation into investment partnerships that benefit the economies of the two countries, and we are ready to consolidate economic relations between the two countries in line with the distinguished political relationship.

He said: "We rely on our Arab depth to support our strategy of economic disengagement from the occupation economy, and we seek to replace Arab products with the products of the occupation."

For his part, Al-Raed stressed "the interest in the visit and the expected results in exploring investment opportunities and benefiting from the Palestinian experience in building the economy despite all the circumstances and challenges resulting from the Israeli occupation."

The Libyan delegation arrived in Ramallah on its first seven-day visit, during which the delegation will visit a number of governorates, hold a series of meetings with businessmen and representatives of the private sector, and visit a group of factories. ​​​​​​​

Source (Anadolu Agency, Edited)