A trilateral summit between leaders from Tunisia, Algeria and Libya in late April discussed a new era of economic integration between the three countries.
Tunisia’s President Kais Saied, Algeria’s President Abdelmadjid Tebboune and chairman of the Tripoli-based Libyan Presidential Council, Mohamed al-Menfi, were present at the meeting, which discussed several issues including boosting trade between the three countries, as well as establishing joint economic zones.
Tunisian Foreign Minister Nabil Ammar noted in a statement that the coalition is intended to further “security, stability and development throughout the region”.
Emphasis was placed on the need to strengthen economic cooperation between the three countries in light of “the challenges and threats faced by the three countries as a result of the ongoing changes in the region and the world and to strengthen various aspects of cooperation and activate joint efforts to enhance the capacity of their peoples to face the consequences of the global economic crisis, particularly in the areas of food, water and energy security”.
In their final declaration, the three leaders agreed, among other matters, to “form a joint working group to draft mechanisms to establish significant joint projects and investments in priority areas and sectors”.
“As a firm, we welcome these joint efforts with our neighbouring countries, which will no doubt help to further strengthen Libya’s economic and political standing,” noted Ahmed Gaddah, a partner at Eltumi Partners.
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