Stable with slight increase due to infrastructure projects in Libya
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for humanitarian aid projects; requires documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Expands Export Opportunities for Power Equipment to Libya
The U.S. Department of Commerce announced a relaxation of export controls for power handling equipment, including items under HS Code 8504.23 (power handling capacity exceeding 650 kVA but not exceeding 2,500 kVA), to Libya, aiming to support infrastructure rebuilding efforts.
2023-10-15
Impact: This is expected to increase U.S. exports of power equipment to Libya, fostering trade growth in the energy sector.
Libyan Infrastructure Projects Drive Demand for U.S. Power Transformers
Libya's ongoing reconstruction projects have led to a surge in demand for power handling equipment, with several U.S. companies securing contracts for transformers under HS Code 8504.23.
2023-09-22
Impact: This trend is likely to boost bilateral trade, with U.S. manufacturers benefiting from Libya's energy sector needs.
Trade Agreement Talks Include Power Equipment Sector
Recent U.S.-Libya trade discussions highlighted the potential for increased exports of power handling equipment (650-2,500 kVA) as part of broader economic cooperation initiatives.
2023-08-10
Impact: If finalized, the agreement could reduce trade barriers, facilitating smoother exports of these goods from the U.S. to Libya.
Policy Updates
U.S. Eases Export Licensing for Power Equipment to Libya
The U.S. Bureau of Industry and Security updated export regulations, simplifying licensing requirements for power handling equipment under HS Code 8504.23 to Libya, effective immediately, to support energy infrastructure development.
