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.
- Fully booked for post-sanctions business: Iran's five star hotels are buzzing with Western business delegations
- The source of all brain drain: Lebanon's university graduates downbeat about their future prospects
- Is Erdogan's party waging a 'holy war' against the free market economy?
- Costs and benefits: the tough economics of hosting the World Cup
- Mind the gap: descripancy between income and social development persists in the Middle East