President Motlanthe to pay working Visit to Libya

Pretoria – South African President Kgalema Motlanthe, supported by Deputy Foreign Minister Fatima Hajaig, will on Wednesday 17 December 2008 pay a working visit to Libya during which he will have bilateral political, economic and trade discussions with his Libyan counterpart Colonel Muammar Abu Minyar al-Qadhafi.  President Motlanthe will depart from South Africa earlier on Wednesday 17 December 2008.

President Motlanthe and his delegation will hold discussions with his Libyan counterpart within the context of strengthening bilateral political, economic and trade relations between the two countries.

Accordingly, issues on the agenda of discussions between Presidents Motlanthe and al-Gadhafi are expected to include, among others:

• The status of bilateral political, economic and trade relations between the two countries as well as ways in which to strengthen these relations;
• Political and socio-economic developments on the continent including the implementation of the African Union Government, NEPAD, as well as peace and security initiatives;
• Global political and socio-economic initiatives including the financial crisis and the Middle East Peace Process; and
• Other issues of mutual interest.

While in Libya President Motlanthe will lay a wreath at the El-Hani Battle Martyrs Memorial in Tripoli as well as visit the memorial of the victims of the US air raid on Tripoli in 1986.

President Motlanthe is scheduled to return to South Africa on Friday 19 December 2008.

Bilateral Economic Relations

In terms of trade and investment relations many opportunities in the fields of construction, engineering, hydrocarbons, mining and energy, tourism, textiles, agriculture, communications and military cooperation exist.  Eskom has formed a joint venture company, Global Electrical Services Company (GESCO) with the General Electric Company of Libya (GECOL).  The joint venture aimed to assist GECOL with the rehabilitation of Thermal Power Plants and to build capacity within GECOL in the area of plant rehabilitation and maintenance

A bilateral Trade Agreement and an Agreement on the Reciprocal Promotion and Protection of Investment was signed during the first session of the Joint Binational Commission in June 2002. From 2000 – 2005 the volume of bilateral trade remained more or less constant, with the trade balance heavily in South Africa’s favour.  In 2006, South Africa imported over R 2, 4 billion in Hydrocarbons from Libya.

Source: Department of Trade and Industry (www.thedti.gov.za)

Issued by Ronnie Mamoepa on 082 990 4853

Department of Foreign Affairs
Private Bag X152
Pretoria
0001

15 December 2008