Italy-Libya: enterprises want greater security, Italian FM

Foreign Ministry announces new areas of collaboration

10 January, 19:57

(ANSAmed) - ROME, JANUARY 10 - The main challenge to foster the presence of Italian enterprises in Libya is ''first and foremost physical and judicial security'', said Italy's foreign minister Giulio Terzi during the Italy-Libya economic forum at the Foreign Ministry. ''The businessman here,'' noted Terzi, ''have taken on risks, and the certainty of getting back credit as well as the protection of investments are as important as profitability.'' Many enterprises are willing to step up their presence in Libya, but ''they are awaiting improvement in the general security conditions, the reactivation of contracts, credit and war damages payment and the starting of reconstruction activities.'' ''The complementary nature of the Italian and Libyan economies encourages us to identify new areas of collaboration,'' Terzi added, noting for example the infrastructure and SME sectors, in which ''Italian expertise is recognised around the world.'' ''An initial positive signal,'' said the minister, ''is the Libyan proposal on so-called historical credit,'' which will be discussed in the next joint technical committee meeting, which ''we hope can take place before January 30, when Prime Minister Zidan is scheduled to visit Rome.'' (ANSAmed).


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