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Libya, Italy Reactivate Friendship Treaty

2011-12-17 – www.sherwestravel.com

Libya and Italy have decided to re-establish the "friendship treaty" suspended last March after NATO began its mission in Libya in support of the revolutionaries who had embarked on the task of overthrowing the former Libyan dictator, Muammar Al Qathafi

The announcement was made jointly, by Mustafa Abdul-Jalil, chairman of Libya's National Transitional Council, and Italy's newly appointed Italian Prime Minister Mario Monti.

At a joint press conference in Rome with Jalil, Monti told the press: "We have decided to reactivate the friendship treaty between the two countries that had been suspended. We have re-examined concrete ways of concentrating on the priorities of the new Libya."

The "friendship" treaty was initially signed in 2008 by former Italian prime minister, Silvio Berlusconi and former Libya leader Muammar Al Qathafi.

Now both nations have new leaders, with Monti replacing Berlusconi last month amidst the country's debt crisis, while the NTC, tasked with an interim government that is paving the way for elections, has replaced Al Qathafi who was ousted and killed in October.

Monti said that Italy has already released €600 million ($781 million) worth of frozen Libyan assets, and added that Rome was ready to help the new Libyan rulers in the fields of security, infrastructure and the energy sector.

On his part, Jalil pledged to use the unfrozen funds to repay Libya's debts to Italian companies. He also mentioned that Italy's state-owned oil company Eni has attained about 70% of its pre-conflict output capacity in Libya.

For 32 years, between 1911 and 1943, Libya was a colony of Italy and suffered many atrocities. One of Libya's most famous heroes, Omar al-Mukhtar was hanged by the then Italian fascist regime. For a brief spell Libya was governed by a UN-mandated Franco-British administration before it was granted independence in 1951.

When Al Qathafi came to power after a bloodless coup in 1969, he banished the Italians from the country and took possession of their wealth. The relations between the two countries improved after Italy agreed in 2007 to pay Libya a compensation of $5 billion for its 30-year colonial rule and officially apologised for decades of occupation.

In exchange for the Italian compensation, Libya agreed to crack down on the thousands of illegal African migrants who travel to Europe from Libyan shores each year and give oil exploration concessions to the state-owned Italian oil company in exchange for infrastructural developments.

 
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Plasma Hotel**** - Tripoli
This very luxurious hotel is located just steps from Tripoli International Fair and a short walk to the city centre (Martyre Square). The hotel boasts wonderful views of the Tripoli city.
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The Golden Chain Hotel *** - Tripoli
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Al Fousul Al Arbaa Hotel (2) ** - Tripoli
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Assafi Hotel** -Tripoli
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Thuria Hotel *** - Tripoli
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Safwa Hotel*** - Tripoli
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Yousser Hotel Tripoli **
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Al Rayan Hotel*** - Tripoli
New hotel coming soon.
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New hotel
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New hotel
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New hotel
Coming soon.
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New hotel
Coming soon.
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Sherwes Travel • P.O. Box 91713 Dath El Emad • Tripoli • Libya • Tel/fax: +218-21-4801370 • Cellphone: +218-925201677
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