Deal to boost bilateral trade, economic ties signed on Aug. 13
A memorandum of understanding (MoU) signed between Turkey and Libya last month has been approved, the country’s Official Gazette announced on Tuesday.
According to the deal, both governments emphasized the importance of continuing the execution of development projects in Libya, taking into account the country’s stability and laying foundations for a genuine bilateral partnership.
Turkey and Libya signed the MoU to boost trade and economic relations on Aug. 13.
With strong ties dating back to the Ottoman era, Turkey and Libya last November also signed agreements on maritime boundaries, security and military cooperation.
Libya’s government, formed in 2015, in the wake of the ouster of Muammar Gaddafi in 2011, has faced a number of challenges, including attacks by warlord Khalifa Haftar.
In recent months, however, the UN-recognized government has turned the tide against Haftar’s forces.
Turkey supports the government based in the capital Tripoli, and a non-military resolution of the crisis.
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