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Libya Press
Libya's Minister of Economy and Trade, Suhail Bousheha, held high-level talks with Palestinian Minister of Industry Arafat Asfour in Tripoli on July 5, 2026, focused on expanding economic and industrial cooperation between the two nations. The meeting marked the latest step in deepening bilateral economic relations.
The discussions centered on strengthening trade and investment linkages, broadening partnership opportunities for private sector enterprises, and supporting frameworks for sustainable economic development. Both ministers emphasized the importance of institutional cooperation to drive mutual growth.
During the meeting, the two sides identified several priority sectors for joint cooperation, including industrial manufacturing, technology transfer, and trade facilitation. The ministers agreed to establish working groups to develop concrete action plans for implementation in the coming months.
Minister Boushecha highlighted Libya's commitment to opening new avenues for economic partnership with Palestine, noting that the Libyan government views strengthened economic ties as a cornerstone of broader Arab cooperation. "We are determined to build a framework that benefits both our economies and our peoples," he stated.
Parallel talks took place between Libya's Minister of Labor, Ali Al-Abed, and Palestinian Ambassador to Libya, Mohammad Rahhal, in Tripoli. The meeting explored avenues for enhancing cooperation in employment, vocational training, and workforce development.
Minister Al-Abed highlighted the potential for knowledge exchange programs that would allow Palestinian and Libyan professionals to share expertise in key industries. The meeting was attended by Palestinian business leaders operating in Libya, who expressed interest in expanding their investments.
Libyan Prime Minister Abdul Hamid Dbeibeh separately underscored the government's unwavering commitment to fostering bilateral cooperation with the State of Palestine across various fields, with particular emphasis on the industrial and economic sectors, according to a statement from the Palestinian news agency WAFA.
Dbeibeh reiterated Tripoli's longstanding position in support of Palestinian rights while emphasizing that economic cooperation remains a vital pillar of the bilateral relationship. The Prime Minister's remarks came during discussions on the broader framework for Libyan-Palestinian relations.
Economic relations between Libya and Palestine have historically operated below their potential, constrained by regional challenges and logistical barriers. The current push for enhanced cooperation reflects a broader trend of Arab economic integration and mutual support.
Libya has been actively pursuing economic diversification and foreign investment as part of its post-conflict reconstruction strategy. Closer ties with Palestine open new channels for trade and investment that could benefit both economies, particularly in manufacturing, construction materials, and technology sectors.
The two sides agreed to follow up on the discussions with technical-level meetings aimed at translating the agreed principles into actionable projects. A joint economic committee is expected to be formed to monitor progress and remove obstacles to bilateral trade and investment.
Observers note that the timing of these talks aligns with Libya's broader push to strengthen economic diplomacy across the Arab world and Africa. The expansion of cooperation with Palestine signals Tripoli's intent to play a more active role in regional economic affairs.
— Libya Press / News Desk