The first Syrian-Libyan Investment forum, named ‘Investment, Way of Development & Integration’, was an opportunity to boost trade and investment between both countries. According to Syrian Minister of Finance, Mohammed al-Hussein, a series of measures are to be taken to ease investment and trade between Syria and Libya, such as the elimination of ‘custom tariffs on Libyan goods’.

Both governments are to sign joint agreements on bank transfers, customs and transport. In 2008, the volume of trade between Syria and Libya reached only €175m, a figure that ‘[…] doesn't meet the potentials of both countries.’ During the investment conference, the two Arab nations expressed their eagerness to cooperate and develop investments in several sectors such as services, transport, health, education and industry.

Source: SANA