Stable with slight increase due to energy sector 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 HS Code Quotas
The U.S. has reinstated limited trade with Libya under HS Code provisions subject to quantitative limits as per U.S. Note 7. This follows a period of restricted trade due to political instability in Libya.
October 15, 2023
Impact: This could lead to a gradual increase in specific commodity exports to Libya, though strict quotas may limit significant growth in trade volume.
Libya-U.S. Trade Talks Address Quantitative Limits on Imports
Recent bilateral discussions between U.S. and Libyan officials focused on revising quantitative limits under U.S. Note 7 for certain HS Code categories, aiming to facilitate smoother trade flows.
September 20, 2023
Impact: Potential revisions to quotas may ease restrictions, fostering increased imports from Libya if agreements are finalized.
U.S. Imposes Stricter Monitoring on Libyan Imports Under HS Code Limits
The U.S. Customs and Border Protection announced enhanced scrutiny on imports from Libya under HS Code categories subject to U.S. Note 7 quantitative limits to ensure compliance with trade agreements.
August 5, 2023
Impact: Stricter monitoring may delay shipments and increase compliance costs for traders, potentially reducing trade efficiency.
Policy Updates
Update to U.S. Note 7 Quantitative Limits for Libyan Imports
The U.S. Trade Representative has issued an update to U.S. Note 7, adjusting the quantitative limits for specific HS Code categories in trade with Libya to reflect current geopolitical and economic conditions.
