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The head of the Libyan Business Councils (LBC) Media and Public Relations, Tarek Smuee, confirmed toLibya Herald today that the LBC held a meeting with its members, traders and investors last Saturday to discuss several important issues affecting economic and commercial security.

The meeting touched on:

It was agreed that the LBC, which represents the private sector, would communicate with the competent authorities to address issues that would support this sector and issue supporting laws and decisions.

In light of this, Mohamed Abdel Majeed Al-Dali, the LBC Executive Director, was chosen as Chairman of the Libyan Merchants Committee to follow up on these procedures with the various entities.

In response, Al-Dali reminded the meeting that a letter was sent from the LBC and the Libyan Industry Union (LIU) to the Minister of Economy and Trade in the previous months.

He said the LBCs participation in the meeting with the Economy Minister is evidence of its standing with merchants and manufacturers, and in the interest of the private sector.

Accordingly, the LBC requested the following:

It is worth noting that the above-mentioned LBC meeting and the meeting with the Economy Minister that it refers to is part of the LBCs efforts to push for government policies that are favourable to the private sector.

The LBC had objected to a recent Economy Ministry decree changing regulations on import labelling. The Economy Ministry suspended the decree until a committee studied the decree further.

It is also an attempt to stop the government from issuing such decisions that affect the economy without prior consultation with the private sector and to reverse the decades-long dominance of the state sector over the private sector.

Libyan Business Council participates in 21st Turkish-Arab Cooperation Forum in Istanbul (libyaherald.com)

Ministry of Economy reverses its imported products labelling decision (libyaherald.com)

Link:
LBC demands representation at PM's Office to convey the voice of the private sector - Libya Herald