Govt Considers Free Trade Zone

Libya's internationally-recognised government is said to be considering creating a free trade zone in the Gulf of Bomba, between Torbuk and Derna.

Libya Herald reports that a presentation proposing the idea was made by the Ministry of Economy and Industry at the cabinet earlier this week in Beida.

Among the advantages of the area for such a zone are the presence of Maturba airport nearby, a sheltered bay would make a good harbour, and the fact that it is just 285 kilometers from Crete.

The only currently-functioning free trade zone in the country is in Misrata (pictured).

(Source: Libya Herald)

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