Tripoli – The Minister of Economy and Trade held a meeting in the capital, Tripoli, attended by the Undersecretary of the Ministry of Labor and Rehabilitation, the Head of the Municipal Guard apparatus, the Director General of the Federation of Chambers of Commerce, Industry and Agriculture, and the Chairman of the Board of the Tripoli Chamber of Commerce, Industry and Agriculture. The meeting discussed the situation of migrant labor and its impact on the local market, particularly in the wholesale and retail sectors.
During the meeting, the Minister emphasized the necessity of adhering to Ministerial Decision No. (508) of 2022, which regulates commercial activity and prohibits non-Libyans from engaging in wholesale and retail activities. He stressed the importance of joint coordination with the Ministry of Labor and Rehabilitation and the Municipal Guard apparatus to monitor foreign labor and control prices, noting that the ministry will issue a list of prices for essential goods this week. Additionally, a blacklist will be prepared for traders involved in price speculation, with legal measures to be taken against them in cooperation with the relevant authorities and the Central Bank of Libya.
The Minister explained that a daily mechanism will be adopted to monitor and control prices, especially with the blessed month of Ramadan approaching. He announced an upcoming meeting with traders to review production estimates and stocks of essential goods and to work on preparing a guiding import budget for supplying goods.
For his part, the Head of the Municipal Guard apparatus confirmed that the apparatus will provide weekly reports on regulating labor and monitoring the prices of goods for which official decisions will be issued. Meanwhile, the Undersecretary of the Ministry of Labor and Rehabilitation indicated the ministry’s continued provision of necessary facilities to regulate the labor market, presenting the “Wafed” system launched to register labor and facilitate procedures for business owners and traders.
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, which is reflected in its diverse architecture, such as the ancient Medina and the Red Castle.
Ministry of Economy and Trade
The Ministry of Economy and Trade is a government department typically responsible for formulating and implementing national economic and commercial policy. Its history is generally tied to the modern development of the state it serves, often evolving from earlier departments of commerce or industry to address the complexities of contemporary global trade.
Ministry of Labor and Rehabilitation
The Ministry of Labor and Rehabilitation is a governmental department typically responsible for overseeing labor laws, employment policies, and vocational rehabilitation services. Its history generally stems from the industrialization era, evolving to address workers’ rights, social welfare, and the integration of people with disabilities into the workforce. The specific founding date and historical milestones vary by country.
Municipal Guard apparatus
The Municipal Guard apparatus refers to the organized security forces historically maintained by local governments in various countries. In many contexts, such as in 19th-century France or Brazil, these forces were responsible for local policing and order, often operating separately from the national military. Their history is frequently intertwined with periods of political upheaval and the maintenance of state authority at a municipal level.
Federation of Chambers of Commerce, Industry and Agriculture
The Federation of Chambers of Commerce, Industry and Agriculture is a national organization that represents and advocates for the private business sector in Lebanon. It was established in the 20th century, formally becoming a federation in 1995, to unify various regional chambers and promote economic development. Its primary role is to support Lebanese businesses through policy advocacy, networking, and providing services to its member chambers.
Tripoli Chamber of Commerce, Industry and Agriculture
The Tripoli Chamber of Commerce, Industry and Agriculture is a key economic institution in northern Lebanon, established in 1889. It is one of the oldest chambers in the Arab world and was founded to support and regulate the trade and commercial activities of Tripoli, a historically important port city.
Central Bank of Libya
The Central Bank of Libya is the country’s primary monetary authority, established in 1956 to issue currency and manage monetary policy. It has played a critical and often divisive role in Libya’s recent history, with parallel institutions emerging in the east and west during the period of conflict following the 2011 uprising.
