Monday, August 31, 2009

DTN News: Singapore TODAY August 31, 2009 ~ SM Goh To Visit Libya For 40th National Day Celebrations

DTN News: Singapore TODAY August 31, 2009 ~ SM Goh To Visit Libya For 40th National Day Celebrations *Source: DTN News / Int'l Media (NSI News Source Info) SINGAPORE - August 31, 2009: Senior Minister Goh Chok Tong will be visiting Libya from Monday to September 2. He will be representing Singapore at celebrations marking Libya’s 40th year of independence. Mr Goh will be accompanied by Senior Minister of State for Trade and Industry and Education S Iswaran, and will meet with senior members of the Libyan government in the capital, Tripoli. (Image: SM Goh to visit Libya for 40th National Day celebrations) Economic ties between the two countries have strengthened significantly since diplomatic relations were established in 2006. Between 2007 and 2008, trade grew from S$93 million to S$406 million. To date, Singapore companies have also secured over S$2 billion in projects across the construction, water infrastructure and capability development sectors. The Libya—Singapore Joint Working Group was established shortly after Mr Goh’s first visit to Libya in May 2008. It is a key economic platform for the two countries to promote bilateral cooperation. Both sides signed an Investment Guarantee Agreement and the Avoidance of Double Taxation Convention in April this year, but the agreements have yet to be ratified.

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