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Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity in Builders' Ware of Plastics Between US and Libya
Recent trade data indicates minimal activity in the export of builders' ware of plastics (HS Code: 3925.90) from the United States to Libya, primarily due to ongoing political instability and limited demand in Libya.
2023-10-15
Impact: Trade remains constrained, with negligible export volumes and high risks for US exporters due to Libya's unstable market conditions.
US-Libya Trade Barriers Affect Plastics Sector
Challenges such as logistical disruptions and security concerns in Libya continue to hinder the trade of builders' ware of plastics between the US and Libya, as reported by the US International Trade Commission.
2023-08-22
Impact: Persistent barriers reduce the feasibility of consistent trade flows, discouraging US businesses from engaging in this sector with Libya.
US Export Restrictions Impact Niche Plastic Products to Libya
Stricter US export controls and sanctions on certain Libyan entities have indirectly affected the trade of niche products like builders' ware of plastics, leading to a decline in transactions.
2023-06-10
Impact: Reduced trade opportunities for US companies in this category, with exporters seeking alternative markets to mitigate risks.
Policy Updates
US Sanctions on Libyan Entities Updated
The US Department of Treasury updated sanctions on specific Libyan entities, indirectly impacting trade in non-essential goods, including certain plastic products under HS Code 3925.90, due to heightened compliance requirements.
Date: 2023-09-05
Libya Trade Restrictions Eased Slightly by US
The US government announced a minor relaxation of trade restrictions with Libya for select non-strategic goods, though stringent documentation and security checks remain in place for categories like builders' ware of plastics.