Stable with slight increase due to demand in industrial sectors
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for humanitarian aid shipments, subject to documentation and approval by Libyan authorities.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Libya Trade Talks on Small Dimension Products
Recent discussions between US and Libyan trade representatives focused on products with a maximum circular cross-sectional dimension of less than 18 mm (HS Code: unspecified). The talks aimed at reducing tariffs to boost bilateral trade.
2023-10-15
Impact: Potential increase in export volume from the US to Libya if tariffs are reduced, fostering market access for small dimension goods.
Libya Imposes Temporary Import Restrictions
Libya introduced temporary import restrictions on certain manufactured goods, including items under the specified HS Code category, citing domestic industry protection.
2023-09-20
Impact: Likely decrease in US exports of these products to Libya in the short term, affecting American manufacturers.
US Trade Delegation Visits Libya for Market Expansion
A US trade delegation visited Libya to explore opportunities for exporting small dimension products (HS Code: unspecified), emphasizing mutual economic benefits.
2023-08-05
Impact: Could lead to stronger trade ties and increased US exports if agreements are finalized.
Policy Updates
US Updates Export Controls for Libya
The US Department of Commerce updated export controls, easing restrictions on certain industrial goods, including those with a maximum circular cross-sectional dimension of less than 18 mm, to Libya under specific licensing conditions.
Date: 2023-09-10
Libya Revises Tariff Structure for Imports
Libya announced a revision of its tariff structure, increasing duties on selected manufactured goods, potentially including items under the relevant HS Code, to protect local industries.
