Stable with slight increase in energy-related exports
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for essential goods as defined by Libyan import regulations
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Resumes Limited Trade with Libya Under Specific Tariff Provisions
The United States has reinstated limited trade with Libya, focusing on goods covered under specific subheadings in U.S. note 21(j). This marks a cautious step towards normalizing economic relations after years of restrictions due to political instability.
October 15, 2023
Impact: This could lead to a gradual increase in imports from Libya, particularly in sectors covered by the enumerated subheadings, though stringent monitoring and compliance requirements may limit immediate growth.
Libya Seeks Tariff Exemptions Under U.S. Trade Provisions
Libyan trade officials have requested exemptions or preferential treatment under U.S. note 21(j) subheadings to boost exports to the American market, citing economic recovery needs.
September 20, 2023
Impact: If approved, this could enhance Libya’s access to the U.S. market for specific goods, potentially increasing bilateral trade volume, though geopolitical concerns may delay decisions.
U.S. Reviews Trade Policies with Libya Under HS Code Provisions
The U.S. Trade Representative’s office announced a review of trade policies with Libya, focusing on compliance with subheadings under U.S. note 21(j), amid ongoing security and stability concerns in the region.
August 5, 2023
Impact: The review may result in tightened regulations or temporary suspensions, potentially affecting the flow of specific goods between the two countries in the short term.
Policy Updates
U.S. Updates Compliance Requirements for Libyan Imports Under Note 21(j)
The U.S. Customs and Border Protection issued new guidelines for imports from Libya under subheadings enumerated in U.S. note 21(j), requiring additional documentation to ensure compliance with security and trade standards.
