London welcomed a delegation from Libya to sign a memorandum outlining technical cooperation in information and communication technology and related infrastructure.
The agreement identifies "opportunities on mutually decided terms of enhanced investment opportunities in the country, responsive government activities (and) increased access to technology," a document from the British Foreign and Commonwealth Office reads.
The purpose of the memorandum was to outline the shared goal of promoting an open and transparent government in Libya.
"The U.K. and Libya will work together to develop a modern and reliable communications infrastructure in Libya, spreading the practice of open government," the FCO said.
Libya is setting the groundwork for its first democratic elections in a generation later this year. An interim council took control of the country after Moammar Gadhafi's government collapsed under the pressure of civil war and a NATO-led intervention.
London's commercial ties to Tripoli were questioned following the 2009 release of Abdelbaset al-Megrahi, the only person convicted of the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland. British energy company BP was accused of playing a role in the decision to release him, though the allegations have been denied.
Megrahi died this week of cancer in Tripoli.
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