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Monday, 31 August 2020

Diplomacy + Foreign Trade on 31 August 2020

Foreign Minister Sameh Shoukry met with deputy head of the United Nations Support Mission in Libya Stephanie Williams to discuss efforts to reach a political solution to the conflict in Libya, a Foreign Ministry statement said on Sunday. Shoukry stressed the importance of Libya’s warring parties abiding by a ceasefire to safeguard the country's resources according to the roadmap laid out in the Cairo Declaration.

This came a day after the UN voiced concerns about a “dramatic turn of events” in Libya that saw an internal power struggle between senior figures in the Tripoli-based government brought out into the open, the Associated Press reports. The UN Support Mission called for a “return to a full and inclusive political process” after Prime Minister Fayez Al Serraj suspended and ordered an investigation into his interior minister following anti-corruption protests.

Egypt should review its trade agreements and scrap those that don’t provide benefits, the head of the House industry committee and Faragalla Group, Mohamed Farag Amer, told the local press. He said that Egypt has not witnessed any significant increase in its exports — hovering around the USD 20-25 bn mark — over the past 10 years, and has exposed local industry to unfair competition with foreign firms. He did not provide details on which agreements he believed were detrimental and should be subject to review.

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