Libya, Italy sign commercial arbitration cooperation agreement

Libya, Italy sign commercial arbitration cooperation agreement

November 21, 2019 - 20:53
Posted in:
Written By: AbdulkaderAssad

The third world commercial arbitration conference to boost investments in Libya was held on Wednesday in Milan to boost commercial relations between Italy and Libya.

The two commercial arbitration centers in Italy and Libya signed at the conference an agreement to support joint trade exchanges to benefit the Libyan and Italian firms, Italian news agency NOVA said.

Commercial exchange between Libya and Italy in the first six months of 2019 reached 2.3 billion euros, out of which is 2 billion euros in Italian exports to Libya, such as petrol products and machines.

Libyan High Council of State, Investment Authority representatives and experts in commercial arbitration as well as other officials and experts from both countries attended the conference.

 

Tags: