Ankara, Turkey – A memorandum of understanding (MoU) signed between Turkey and Libya last month has been approved, the country’s Official Gazette announced on Tuesday.
According to the deal, both governments emphasized the importance of continuing the execution of development projects in Libya, taking into account the country’s stability and laying foundations for a genuine bilateral partnership.
Turkey and Libya signed the MoU to boost trade and economic relations on August 13.
With strong ties dating back to the Ottoman era, Turkey and Libya last November also signed agreements on maritime boundaries, security and military cooperation.
Libya’s government, formed in 2015, in the wake of the ouster of Muammar Gaddafi in 2011, has faced a number of challenges, including attacks by warlord Khalifa Haftar.
In recent months, however, the UN-recognized government has turned the tide against Haftar’s forces.
Turkey supports the government based in the capital Tripoli, and a non-military resolution of the crisis.
New agreement signed between Turkey and Libya
A new memorandum of understanding was reached between Turkey and Libya. Approval of the agreement was published in the Official Gazette with the signature of President Erdogan.
After the maritime authorization agreement signed between Turkey and the legitimate Libyan Government recognized by the United Nations (UN), another memorandum of understanding was concluded.
Tensions with Greece and Europe Union (EU) have escalated in the Eastern Mediterranean following the deal with Libya. Europe, led by France, which is trying to dissuade Turkey from its international rights, is taking steps to escalate tensions in the Eastern Mediterranean over Greece.
European Union (EU), which has threatened to impose sanctions on Turkey, which is on the brink of war with Greece, is seeking to put wealth in the Eastern Mediterranean through Greece.
New memorandum of understanding
A new memorandum of understanding was signed between the National Memorandum of understanding Government of Turkey and Libya, which closely concerns the construction sector.
The decision was published in today’s edition of the Official Gazette with the signature of President Recep Tayyip Erdogan.
Some of the articles in the agreement in question are as follows:;
- Implementation of ongoing development projects in Libya will continue.
- The parties will begin direct and immediate negotiations to fulfill their respective rights and debts, taking into account the extraordinary conditions that led to the suspension of work on the projects at the previous stage.
- The parties will agree on their respective rights and debts in accordance with their common interests.
- The parties will conduct a feasibility study of the technical and economic evaluation and continuity of the projects. It will reach an agreement within 90 days on the continuation of the work and/or reconciliation of rights and debts. If the parties are unable to start negotiations or reach an agreement or the project is terminated, a final account will be prepared within 180 days and the relevant rights and debts will be agreed.
- Efforts will be made to amicably resolve any disputes that may arise, taking into account current and future interests.
- Governments will give opinions and advice on reconciliation in case of need and request assistance from the parties.
- Both governments will support compliance with agreements on contractual rights and debts, and will comply with all commitments that governments may have made regarding projects undertaken by Turkish contractors.
- A Joint Working Group established to monitor the implementation of the agreement will hold a meeting in 3 months, alternating between Turkey and Libya or at another designated location.