In a ceremony in Washington, the Tripoli Chamber of Commerce has linked with the National US-Arab Chamber of Commerce (NUSACC) to create a new body to boost trade between the two countries.
The new Libya-US Joint Business Council is, says the NUSACC, designed “to build capacity, promote entrepreneurship and encourage best practice”.
It hailed the Memorandum of Understanding (MOU) signed in Washington last week by Khalil Masoud Mahfud for the Tripoli chamber, as the first of its kind since Libya’s revolution last year, is the most significant commercial agreement ever signed between business entities in Libya and the United States.
The NUSACC has in fact enjoyed long links with the Tripoli chamber, mounting seven missions since 2004. It boasts that it has brought more US companies to Libya than any other business entity in the States
“Today’s historic signing paves the way for more extensive economic cooperation between our two chambers,” said David Hamod, NUSACC President & CEO, who signed the deal for the Americans, “This MOU formalises a partnership between the Tripoli Chamber and the National U.S.-Arab Chamber of Commerce that has been forged over the years through sincere friendship, shared values, and mutual respect.”
(Source: Libya Herald)