Increasing by 10% annually due to energy sector cooperation
Special Rates
Preferential Rate
0%
Applicable to specific goods under bilateral agreements or humanitarian aid programs
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 HS Code Provisions
The United States has reinstated limited trade with Libya under specific HS Code provisions as outlined in U.S. note 21(l), focusing on certain agricultural and industrial goods. This follows a period of restricted trade due to geopolitical tensions.
2023-05-15
Impact: This could lead to a modest increase in exports of enumerated goods from the U.S. to Libya, fostering economic ties, though volumes remain limited due to ongoing instability in the region.
Libya Seeks to Expand Imports Under U.S. Tariff Provisions
Libyan authorities have expressed interest in increasing imports of goods covered under U.S. note 21(l) subheadings, aiming to meet domestic demand for specific products amidst local shortages.
2023-03-10
Impact: Potential growth in U.S. exports to Libya under these subheadings, though logistical and security challenges in Libya may hinder significant progress.
U.S. Reviews Trade Restrictions with Libya for HS Code Subheadings
The U.S. government initiated a review of trade restrictions with Libya, particularly concerning goods under subheadings in U.S. note 21(l), as part of broader diplomatic efforts to stabilize relations.
2022-11-20
Impact: Pending outcomes of the review could either ease or tighten trade flows, affecting U.S. exporters targeting the Libyan market under these specific provisions.
Policy Updates
U.S. Updates Sanctions Waiver for Libya Trade Under Specific HS Codes
The U.S. Department of Commerce issued a temporary waiver on certain sanctions, allowing trade of goods under subheadings enumerated in U.S. note 21(l) to proceed with Libya under strict regulatory oversight.
Date: 2023-06-01
Adjustment to U.S. Note 21(l) Tariff Provisions for Libya
The U.S. International Trade Commission announced minor adjustments to the application of U.S. note 21(l), clarifying the list of subheadings eligible for trade with Libya to prevent misuse and ensure compliance.
