Tripoli, Libya - Libya and Syria agreed on Friday in Tripoli to set up a joint enterprise intended to fund the setting up of a cement plant in Syria and revitalize the role of joint ventures. The two countries also decided to propose designs for the launch of joint investment projects with high profitability between themselves and the African continent. The project was agreed in minutes of the coordinating and monitoring commission of the work of the Libyan-Syrian strategic cooperation council signed by the Libyan Secretary General for Planning and Finance, Abdelhafidh Zlitni and Syrian Minister of Finance, Mohamed El Hussein.
The two parties also agreed in the minutes to hold the first session of the Liby an-Syrian strategic cooperation council on 8-9 December in Syria, which will be preceded by a preparatory meeting in Libya.
Libya and Syria reviewed during this meeting the draft documents to be exchanged between both parties relating to the legal framework of the Coordinating Commission of the Council's work.
They stressed the importance of working to exchange remarks pertaining thereto through diplomatic channels and holding meetings, if need be, to refine the final version of these documents in a month after the holding of the follow-up meeting ahead of their signature at the first council session.
The minutes underscored the holding of the fourth meeting of the Libyan-Syrian Joint Technical Group in the field of mutual recognition of certificates of origin and quality during the second half of October in Libya to identify products to be exchanged according to agreed sectors.
The two parties also decided to enhance their cooperation in the fields of health, economics, trade, investment and communications to achieve complementarity between both countries.
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