Stable with slight increase due to demand for maritime equipment
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for humanitarian aid shipments; requires documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Resumes Limited Trade of Maritime Vessels with Libya
The United States has partially lifted restrictions on the export of certain vessels and related equipment under HS Code Chapter 89 to Libya, focusing on humanitarian and civilian use amid stabilizing political conditions.
2023-05-15
Impact: This could increase U.S. exports of ships, boats, and floating structures to Libya, fostering maritime trade and infrastructure development.
Libya Seeks U.S. Partnership for Port Infrastructure Development
Libyan authorities have expressed interest in acquiring U.S.-made vessels and floating structures (HS Code Chapter 89) to modernize port facilities, initiating talks with American exporters.
2023-03-10
Impact: Potential growth in bilateral trade for maritime equipment, though dependent on security guarantees and finalized agreements.
U.S. Imposes Temporary Hold on Vessel Exports to Libya Due to Security Concerns
Citing regional instability, the U.S. Department of Commerce temporarily restricted exports under HS Code Chapter 89 to Libya, affecting trade in ships and boats.
2022-11-20
Impact: Significant reduction in trade volume for these goods, with U.S. exporters seeking alternative markets until restrictions are lifted.
Policy Updates
U.S. Department of Commerce Eases Restrictions on Chapter 89 Exports to Libya
The U.S. updated its export control policies to allow limited trade of vessels and floating structures (HS Code Chapter 89) to Libya for non-military use, subject to strict licensing and end-use monitoring.
Date: 2023-05-01
Libya Updates Import Regulations for Maritime Equipment
Libyan government introduced new import guidelines for goods under HS Code Chapter 89, requiring additional documentation and safety certifications for vessels and related equipment.
