PRAGUE, Feb. 13 (Xinhuanet) -- The President of the Czech Republic,Vaclav Klaus, signed a decree on Monday, lifting its decade-long economic sanctions against Libya.
The move paved the way for Czech enterprises to explore markets in Libya and improve economic ties between the two countries, local media reported.
Some 20 Czech entrepreneurs visited Libya last year to explore cooperative ventures, such as the construction of airports and the upgrading of steel works.
The Czech Republic imposed sanctions on Libya in 1997 under a United Nations resolution following the 1988 bombing of the Pan Am103 flight over Lockerbie, which killed 270 people.
Libya's ties with the West, however, have improved dramatically since the late 1990s. The European Union ended its 12-year-long sanctions on Libya in 2004 after Tripoli agreed to accept civil responsibility and make pay-outs for the Lockerbie bombing. Enditem