MALTA HOPE TO BUILD STRONGER RELATIONSHIPS WITH LIBYA
The Minister for the Economy, Investment and Small Business Dr Chris Cardona addressed the Libya British Business Council in the House of Lords of the UK Parliament. Minister Cardona stressed the long-standing and significant relationship between Malta and the UK, and highlighted Malta’s association and role with Libya. Libya as a near neighbour, has a long relationship as a trade partner with the island. Malta has been a link for Libya and Europe, keeping communications open and bringing parties together.
Minister Cardona stressed that the business community should strive for future and further stability and security in Libya. Enhanced stability will guarantee the future prospects of Libya, with investment being allowed to flow in and the country to prosper. Malta has historically acted, and will continue to be seen by both parties as a kind of ‘second home’ where business relationships may be brokered. This Government has committed itself to create a legal and administrative robust structure which nurtures and supports such transactions to take place. Malta at current has a rate of economic growth that outstrips most European countries, with one of the lowest rates of unemployment and adoption of a pro-active strategy that diligently seeks investment and nurtures companies that get started in Malta. “We offer political stability, with agreement across the political divide on the issues that really matter. Malta is open for business and we hope to build further on our relationships with the U.K. and Libya,” said Minister Cardona.
The meeting was hosted by the Rt. the Lord Trefgarne PC and was also addressed by Mr Ahmed Kashadah, Managing Director for the Libya Africa investment Portfolio. The Libya British Business Council expressed its intention to organize a delegation to Malta later this year.