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Recommend "Jerome Taylor, Kevin Rawlinson, Laurie Martin and Charlotte Allen" - Dash for Profit in Post-War Libya Carve-Up (Email)

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Published on Wednesday, August 24, 2011 by The Independent/UK

http://www.independent.co.uk/news/business/news/dash-for-profit-in-postwar-libya-carveup-2342798.html

by Jerome Taylor, Kevin Rawlinson, Laurie Martin and Charlotte Allen

British businesses are scrambling to return to Libya in anticipation of the end to the country's civil war, but they are concerned that European and North American rivals are already stealing a march as a new race to turn a profit out of the war-torn nation begins.

Business leaders with previous experience of making deals in Libya have told The Independent that plans are in hand to send a trade mission to Benghazi to meet leaders of the Transitional National Council (TNC).

Lord Trefgarne, a Conservative peer and chair of the Libyan British Business Council, said he hoped to be able to lead a group to the country "by late September, early October". He said: "Any mission would be done in consultation with the TNC and would only be made if adequate security protections were in place. I believe we should be trying to make sure we can get whatever business we can."


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