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Last updated: 1 year ago
News and Updates
Recent News
U.S. Resumes Limited Trade with Libya for Industrial Materials
The United States has lifted certain restrictions on trade with Libya, allowing the export of specific industrial materials, including products with a width at least four times the thickness (HS Code: TBD), to support reconstruction efforts in the region.
2023-05-15
Impact: This could lead to an increase in U.S. exports of industrial materials to Libya, fostering stronger economic ties and supporting local infrastructure projects.
Libya Seeks U.S. Partnership for Construction Material Imports
Libyan officials have expressed interest in importing construction materials, including items under HS Code categories with specific width-to-thickness ratios, from the U.S. to aid in post-conflict rebuilding.
2023-03-10
Impact: Potential growth in demand for U.S.-made materials could boost bilateral trade, though logistical and security challenges in Libya may pose risks.
U.S. Trade Delegation Discusses Material Exports to Libya
A U.S. trade delegation met with Libyan counterparts to explore export opportunities for industrial goods, including products with a width at least four times the thickness, as part of broader economic cooperation talks.
2022-11-20
Impact: These discussions may pave the way for increased trade flows, though formal agreements and tariff structures are yet to be finalized.
Policy Updates
U.S. Eases Sanctions on Libya for Specific Industrial Goods
The U.S. Department of Commerce announced a partial easing of sanctions on Libya, permitting the export of certain industrial materials, including those under relevant HS Codes for width-to-thickness ratio products, under a special licensing regime.
