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Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity in Other Calculating Machines Between US and Libya
Recent trade data indicates minimal activity in the export or import of other calculating machines (HS Code: 8470.29) between the United States and Libya, attributed to ongoing political instability in Libya and limited industrial demand.
October 2023
Impact: Negligible impact on bilateral trade due to low volume and lack of significant market interest in this category.
US Export Restrictions Continue to Affect Libya Trade
Ongoing US export controls and sanctions on Libya, stemming from political unrest, have restricted the flow of technology-related goods, including other calculating machines, between the two nations.
August 2023
Impact: Trade remains constrained, with potential US exporters facing compliance hurdles and limited market access in Libya.
Libya's Economic Challenges Impact Tech Imports from US
Libya's economic struggles and currency shortages have led to a sharp decline in imports of non-essential goods, including other calculating machines from the United States, as reported by trade analysts.
June 2023
Impact: Reduced demand in Libya hampers potential growth in this trade category, affecting US exporters minimally due to low baseline trade volumes.
Policy Updates
US Maintains Sanctions on Libya Affecting Technology Trade
The US Department of Commerce continues to enforce sanctions and export controls on Libya under the Export Administration Regulations (EAR), impacting the trade of technology goods, including items under HS Code 8470.29, due to national security concerns.
Date: September 2023
Libya's Import Tariff Adjustments
Libya's interim government announced adjustments to import tariffs on electronic and calculating devices to prioritize essential goods, potentially increasing costs for non-essential items like other calculating machines.
