Applicable under specific trade agreements or for humanitarian aid shipments, subject to documentation.
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Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity in Yarn Between US and Libya
Recent trade data indicates minimal activity in the export of multiple (folded) or cabled yarn of combed fibers (HS Code: 5205.47) from the United States to Libya, attributed to ongoing political instability in Libya.
2023-10-15
Impact: Low trade volumes due to security concerns and limited demand in Libya may continue to restrict market opportunities for US exporters.
During a bilateral trade discussion, the US and Libyan representatives briefly addressed potential growth in niche textile products, including combed fiber yarns, as part of economic recovery efforts in Libya.
2023-08-22
Impact: Potential for future trade growth if stability improves, though no immediate increase in yarn exports is expected.
Libyan Import Restrictions Affect US Yarn Exports
Libya's tightened import controls, aimed at prioritizing essential goods, have indirectly impacted the inflow of specialized textile products like multiple or cabled yarn from the US.
2023-06-10
Impact: Reduced access to the Libyan market for US yarn exporters, likely to persist until import policies are relaxed.
Policy Updates
US Maintains Limited Trade Sanctions on Libya
The US government has extended specific sanctions on Libya, focusing on security-related restrictions, but general trade, including textile products like yarn, remains permissible under certain conditions with proper licensing.
Date: 2023-09-05
Libya Updates Import Tariff Structure
Libya's interim government revised its tariff structure, increasing duties on non-essential goods. Textile products, including HS Code 5205.47 yarns, face higher tariffs, impacting cost competitiveness for US exporters.
