Stable with slight increase due to energy sector imports
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for humanitarian aid shipments, subject to documentation and approval by Libyan authorities.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Resumes Limited Trade with Libya Amid Stabilization Efforts
The United States has announced a resumption of limited trade activities with Libya, focusing on specific goods under HS codes related to humanitarian and non-military items, as part of broader efforts to support political stabilization in the region.
2023-09-15
Impact: This could increase the flow of specific goods into Libya, though strict monitoring will likely limit broader trade expansion.
U.S. Imposes Restrictions on Libyan Imports Due to Security Concerns
Citing ongoing security issues and militia control over certain Libyan ports, the U.S. has tightened restrictions on imports from Libya, affecting goods entered for consumption outside specified periods or withdrawn for consumption at any time under specific HS codes.
2023-06-22
Impact: Trade volumes are expected to decrease, with potential delays and higher compliance costs for businesses dealing with Libyan goods.
U.S.-Libya Trade Talks Focus on Tariff Adjustments for Key Commodities
Recent bilateral discussions between U.S. and Libyan representatives addressed tariff structures for commodities under select HS codes, aiming to balance trade while adhering to U.S. sanctions and security protocols.
2023-03-10
Impact: Potential tariff adjustments may facilitate limited trade growth, though stringent regulations will continue to pose challenges.
Policy Updates
Update to U.S. Sanctions Policy on Libyan Trade
The U.S. Department of Commerce has updated sanctions policies, specifying conditions under which goods entered for consumption outside designated periods or withdrawn for consumption at any time (under specific HS codes) are subject to additional scrutiny or outright bans when traded with Libya.
Date: 2023-08-05
Revised Export Control Measures for Libya
The Bureau of Industry and Security (BIS) has revised export control measures, imposing stricter licensing requirements for certain HS-coded goods destined for Libya, particularly those withdrawn for consumption at any time, to prevent misuse in conflict zones.
