Sri Lanka, Libya to set up business council


Tripoli : The governments of Sri Lanka and Libya agree to set up a business council in Libya to serve the private sector efforts and to provide consular services for the increasing number of Sri Lankan job seekers.

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This decision was reached during discussions between visiting Sri Lanka delegation and Libyan authorities.

Talks held between the Sri Lankan Foreign Minister Rohitha Bogollagama and the Trade and Investment Minister of Libya Dr. Ali Abdul Aziz Al Asawi Sunday (Aug 12), centered on several areas for enhanced corporation between the two countries.

The major issues discussed were fertilizer, investments, and export of tea on duty free basis to Libyan Markets and Employment opportunities in Libya to capture current economic boom Libya is registering.

Minister Dr. Asawi said that a promising atmosphere will be created for Sri Lanka imports in the Libyan market as enjoyed by African countries and this will register a great boom for Sri Lankan Tea exports to Libya.

On the area of foreign employment Sri Lanka will take advantage of current construction boom and the hospitality trade development taking place in Libya.

Currently Libya employs labour power from India, Bangladesh, Pakistan and Philippines.
Sri Lanka will have a strong potential to benefit from this market several western countries as investors are to set up business in Libya.

Foreign Minister Rohitha Bogollagama, accompanied by Minister of Petroleum and Petroleum Resources Development with a nine member business delegation, is on a three day official visit to Libya.