Posted by: Agence Tunis Afrique Presse

A cooperation agreement was signed Friday by the Tunisian Confederation of Industry, Trade and Handicrafts (French:UTICA) and the Libyan Union of the Chambers of Commerce, Industry and Agriculture.

This accord, inked by President of UTICA Samir Majoul and Chairman of the Libyan Union’s Board of Directors Mohamed Abdulkarim Araid, is part of preparations for the holding of the Tunisian-Libyan High Joint Commission meeting set for late August.

The employers’ organisations agreed to encourage national companies in the private and public sectors to carry out joint ventures and urge investment authorities to enact flexible legislation that is adapted to the investment capacities of businessmen as well a to small- and medium- enterprises in both countries.

The agreement also provides for holding periodical meetings between Tunisian and Libyan businessmen, boosting trade and joint investments and implementing cooperation agreements between Libyan local chambers and the regional unions in Tunisia.

Majoul underlined the importance of bilateral cooperation in a difficult economic juncture and said there is need to step up joint investments and deal with parallel trade.

Mohamed Abdulkarim Araid called for speeding up the achievement of joint large-scale projects, including the highway leading to the borders, and twinning Tunisian and Libyan chambers and cities with common economic activity.