Libya, Morocco to Set up Free Trade Area
Libya and Morocco have agreed to set up a free trade area, secretary of the Libyan general popular committee of African unity, Abdesslam Triki, was quoted by ArabicNews.com.
The agreement was reached Wednesday after Morocco's King Mohammed VI held talks with Libyan leader Moammer Kadhafi in Tripoli, said Triki.
The Moroccan king paid a three-day official visit to Tripoli during which he reviewed with Kadhafi ways of strengthening bilateral ties in all fields.
Trade deals between Libya and Morocco amounted in 1999 to 400 million dollars.
There are only few joint investments in the private and public sectors.
Cultural cooperation is also short of the two people's aspirations, AFP said.
Nearly 100,000 Moroccan expatriates have settled in Libya and work in tourism, trade and construction.
A high joint commission meets every year under the co-chairmanship of the two countries' prime ministers to follow up bilateral cooperation, said ArabicNews.com.
After his visit to Tripoli, the Moroccan king is due to travel to Cameroon to attend the 21st Franco-Africa summit, set for January 18-19, said AFP -- Albawaba.com
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