Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Turkish–Libyan Forum: Erdogan's New Trick to Save Ankara's Economy


Sat 17 Oct 2020 | 01:59 PM
Omnia Ahmed

Libyan experts considered Turkish–Libyan Economic Forum, launched in Istanbul on Thursday, came within the framework of Erdogan’s attempts to support his country's depressed economy.

On 15 and 16 October, Istanbul launched the first-ever Turkish–Libyan Economic Forum with participation by a group of institutions and businessmen from both countries, in this forum, Libyans loyal to the Sarraj government gathered with Turkish investors loyal to the Turkish President.

Vice-Chairman of the Turkish Exporters Union Council Basharan Bayrak stated that his country has a future plan to strengthen its presence in the Libyan market integrating more Libyan money into the Turkish market, pointing out that the most important companies in Libya are Turkish ones, especially in the energy and electricity sector.

Bayrak indicated that cooperation would contribute to the development of the entire region.

“As a result of joint relations, we have goals to reach, with a proposed volume of trade exchange of 10 billion dollars,” Bayrak said during the conference. “A goal which is not very difficult to achieve, particularly in light of this great joint cooperation.”

Prior to the forum, President of the Libyan-Egyptian Chamber of Commerce Ibrahim Al-Jarari warned of Erdogan’s endeavor to control the Libyan economy through Muhammad Al-Raedh, Chairman of Al-Sarraj's Chamber of Commerce.

Al-Jarari mentioned that this forum was an attempt by the ‘Muslim Brotherhood’ to save the Turkish economy that is suffering these days due to Erdogan's policies to support terrorism and extremism, calling on the Libyans to boycott it.