Libya joins key international agreements to safeguard state assets

Libya has taken significant steps to bolster the protection of its state property abroad by acceding to two crucial international agreements.

The move was announced by the Minister of Foreign Affairs, Taher Al-Baour, as the Libyan delegation concluded its participation in the 79th session of the United Nations General Assembly.

In a statement released on social media, the Ministry of Foreign Affairs confirmed that Minister Al-Baour signed Libya’s accession to both the United Nations Convention on the Immunity of States and Their Property from Jurisdiction and the Convention on the Judicial Sale of Ships, also known as the Beijing Convention.

The Ministry underscored the importance of these accessions in fortifying state property abroad and safeguarding it from potential attacks. This decision, the Ministry stated, was based on extensive consultations with relevant national institutions, including both judicial and political bodies.

This development marks a significant step for Libya in its efforts to protect its assets on the international stage.