Italy Trebles Exports to Libya

Aurelio Regina (pictured), deputy chairman of the Confederation of Italian Industry (Confindustria), has said that Italian exports to Libya have trebled since the revolution, reaching €2.4 billion in 2012, and could grow a great deal more.

Speaking to the Rome Chamber of Commerce, he said:

"Libya holds a great deal of potential for Italy at a national level despite the currently bleak situation ...

"We are the main benchmark market for the North African country ... and almost 23 percent of Libya’s exports are earmarked for Italy. Of course our businesses need security guarantees, but there are many opportunities for us ... there are opportunities for Italian businesses in renewable energy, agro-industry, construction, logistics, transport, integrated services and infrastructure."

He warned, however, that in Libya, "Italy has a very delicate task. Politics and the economy can and must go hand in hand”. Libya was decisive for the security of the entire area but guarantees, stability and development were essential.

(Source: Libya Herald)

2 Responses to Italy Trebles Exports to Libya

  1. Fathi 19th December 2013 at 11:06 am #

    I hope so, because we need this kind of business to grow up.

  2. cherif 25th December 2013 at 9:45 am #

    italia didnt do such arrangment without a big rewards ! just hope libian authorities to keep an eye on such arrangment to protect libia ressource, we suffer enought in our arabic countries already

    regards

Leave a Reply to cherif Click here to cancel reply.