Minister Tayeb Zitouni Hosts Economic Leaders from Algeria, Tunisia, and Libya to Unveil New Strategic Partnership

✏️ By: Dr. Hana Saada

Algiers, Algeria | July 23rd, 2024 — On July 22, 2024, Tayeb Zitouni, Algeria’s Minister of Trade and Export Promotion, convened a pivotal meeting at the Ministry’s headquarters in Algiers. This significant gathering brought together key figures from the business communities of Algeria, Tunisia, and Libya, including Kamel Moula, President of the Algerian Economic Renewal Council (CREA); Mohamed Al-Raied, Chairman of the Union of Chambers of Commerce, Industry, and Agriculture of Libya; and Samir Majoul, President of the Tunisian Union of Industry, Trade, and Handicrafts (UTICA).

Establishment of the Partnership Council

The central focus of the meeting was the unveiling of a landmark agreement that has established a new Partnership Council among the major business organizations of the three countries. This agreement marks a substantial step towards enhancing economic collaboration and integration in the region. Kamel Moula presented the key aspects of this newly forged alliance, which aims to deepen economic ties and cooperation between Algeria, Tunisia, and Libya.

Minister Zitouni’s Endorsement and Strategic Vision

Minister Zitouni lauded the formation of the Partnership Council as a critical advancement in regional economic integration. He emphasized that this initiative is in line with the political will demonstrated during the recent consultative summit, which was attended by the leaders of the three nations. Zitouni stressed the importance of translating the council’s strategic goals into concrete actions, including bolstering bilateral trade and organizing trilateral business meetings. These efforts are intended to explore new investment opportunities and stimulate economic growth across the three countries.

Future Directions and Collaborative Efforts

The Partnership Council is poised to play a key role in fostering economic cooperation and creating mutual benefits for Algeria, Tunisia, and Libya. By promoting a “win-win” approach to trade exchanges and investment, the council aims to develop a robust framework for regional economic growth and prosperity. The focus will be on practical cooperation and innovative investment strategies to drive forward the economic ambitions of the three nations.

The creation of this Economic Partnership Council signifies a strategic move towards enhanced economic collaboration among Algeria, Tunisia, and Libya. With a strong emphasis on practical cooperation and integration, this initiative is expected to generate significant progress in trade and investment, delivering tangible benefits to the populations of the three neighboring countries.

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