Libyan-French trade estimated at US$4 billion
Mohamed Sayala the director general of Libya's Cooperation Department of the People's Committee for Foreign Liaison and International Cooperation stated that the volume of trade between Libya and France amounted to U.S. $ 4 billion in 2010.
The Libyan exports mainly include crude oil and petroleum products and petrochemicals. The Libyan imports from France include machinery and equipment, generators and some food items.
According to Sayala, French companies are implementing projects-worth US$ 27 billion in Libya.
- From the best of both worlds, to the worst of both worlds: Canadian citizenship no longer a 'piece of cake' for GCC expats
- Jumping on the IMF's bandwagon: Kuwait quietly embarks on subsidy-slashing journey
- Even the numbers are on the feminist side: companies with females in top management yield higher returns
- Kingdom in debt, Kingdom in danger: Saudi Arabia's pending deficit raises frightening possibilities
- 'Dead aid': is there any hope left for South Sudan's economy?