Libya Advancing Internationally

Reflecting plans to expand electric energy development in the Middle East, the state-owned Korea Electric Power Corporation (KEPCO) signed a long-term agreement of cooperation with state-owned General Electricity Company of Libya. Over the next six years, KEPCO will provide technology transfer, consultation, and on-site training.

Meanwhile, Libya is moving forward in boosting relations and cooperation with Japan. In meetings attended by the Japanese Ambassador and the Libyan Secretary of Foreign Affairs, bilateral cooperation in general trade and the oil industry was discussed.

With the U.S. dropping most trade and economic sanctions last year, Libya is trying to normalize its standing in the global marketplace. The country will continue to be impeded by the fact that it is a socialist nation still listed by the U.S. as a state sponsor of terrorism. And, although the U.S. State Department warns citizens to "exercise a high level of caution" in going to Libya, it has become a trendy destination for American tourists.