Stable with slight increase due to construction sector demand in Libya.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for development projects approved by the Libyan government.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Libya Trade Talks Highlight Beech Wood Exports
Recent trade discussions between the United States and Libya have included a focus on beech wood (Fagus spp.) with a cross-sectional dimension of 15 cm or more, aiming to boost US exports to meet Libya's construction demands.
2023-10-15
Impact: Potential increase in US beech wood exports to Libya if agreements are finalized, strengthening bilateral trade ties.
Libya Imposes New Import Standards for Beech Wood
Libya has introduced stricter quality and certification requirements for imported beech wood, affecting US exporters under HS Code category for dimensions of 15 cm or more.
2023-09-20
Impact: US exporters may face delays and increased compliance costs, potentially reducing short-term trade volume.
US Beech Wood Shipments to Libya Resume After Hiatus
After a period of limited trade due to geopolitical tensions, the first shipment of US beech wood (Fagus spp., 15 cm or more) arrived in Tripoli, signaling a restart of trade relations.
2023-08-05
Impact: Resumption of shipments could stabilize supply for Libyan industries, with potential for gradual trade growth.
Policy Updates
Libya Updates Tariff Structure for Beech Wood Imports
Libya has revised its tariff rates for beech wood imports under HS Code categories, increasing duties by 5% for products with a cross-sectional dimension of 15 cm or more to protect local industries while still allowing imports.
Date: 2023-09-25
US Trade Department Issues Guidance on Libya Exports
The US Department of Commerce released updated export guidelines for beech wood to Libya, emphasizing compliance with Libyan import regulations and certification for dimensions of 15 cm or more.
