Turkey: exports to Libya jump 58% in first quarter of 2021

Exports from Turkey to Libya jumped 58 per cent in the first quarter of 2021, Anadolu has reported. A major Turkish trade group valued the exports at $826 million (TL 6.98 billion).

This increase is almost double the average for Turkish exports generally, which were up 33.1 per cent between January and April, explained Murtaza Karanfil, the chair of the Turkey-Libya Council of the Foreign Economic Relations Board of Turkey.

“We know that the Turkish private sector is enthusiastic about completing missing projects and taking part in new projects in Libya,” he said, referring to work that had to be abandoned due to conflict on the North African country.

Areas where Turkish investors could play a larger role in Libya in the coming years, it is said, include energy, the defence industry, food, recycling and chemicals.

The head of the Libyan Government of National Unity, Abdul Hamid Dbeibeh, affirmed last week that his country will stick to the maritime agreement signed between Tripoli and Ankara. He pledged not to abandon the deal.

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