Saturday, May 22, 2010

Bilateral Relations: Libya and Greece seek closer economic cooperation

FOCUS Information Agency - Prime Minister George Papandreou met with his Libyan counterpart Al-Baghdadi Ali Al-Mahmudi on Friday, seeking closer economic cooperation, Xinhua News Agency informed.

"New ways to boost bilateral ties opened today,"Papandreou said after his meeting with Al- Mahmudi.

The Libyan premier invited Papandreou to visit Tripoli soon to sign development agreements.
During their meeting, the two leaders discussed prospects for additional cooperation in renewable energy sources, natural gas, constructions, sea transportation, and tourism.

Stressing Libya's "significant role in the Mediterranean Sea as a gate to Africa and the Arabic world," Papandreou referred to traditional friendly ties between the two countries and thanked Al-Mahmudi for Libya's will to strengthen cooperation with Greece.

The Libyan premier said his country is currently going through a major development phase and suggested setting up an economic trade zone between the two countries.

"We are determined to stand by Greece during this economic crisis," Al- Mahmudi said.
Faced with an acute economic crisis that threatened the national economy with bankruptcy, Greece has asked for financial aid from the European Union and the International Monetary Fund. The Greek government also seeks investments from other countries with friendly relations.

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