British-Libyan business fair opens in Tripoli
An exhibition of British companies and economic organizations recently opened in Tripoli, Libya, reported Al-Quds Al-Arabi daily. Organizers of the event reported that over 270 firms from the United Kingdom participated in the convention, 70 of which displayed their products.
Leading participants included such companies as Shell, British Gas, Aerospace and Land Rover, as British corporations seeking investment and expansion opportunities in Libya.
In the year 2000, the value of all British merchandise exports to Libya reached $300 million, according to an unnamed British diplomat. In addition, the value of the British financial, tourism and transport services provided to Libya amounted to a similar figure for that same year.
The Tripoli convention is one of the steps taken by the two countries to promote bilateral cooperation following the signing of a joint economic protocol in 1999. — (MENA Report)
© 2001 Mena Report (www.menareport.com)