Libya
Libya
1. Country / Territory
Brief
Libya is classified as an
upper middle income country heavily dependent on hydrocarbon with limited
private sector initiative.
After the 2011 overthrow
Muammar Qadhafi, elections were held in July 2012. The newly elected government
faces major
challenges in disarming
and demobilizing militias, imposing the rule of law, and reforming the
state-dominated socialist
economy.
Libya's economy is
structured primarily around the nation's energy sector, which generates about
95% of export earnings, 80%
of GDP, and 99% of
government income. Meanwhile, the non- hydrocarbon sectors of the economy
remain mostly
underdeveloped and state
controlled.
The first biggest non-oil
export groups of Libya are iron and steel. The second biggest are pearls,
metals and precious stones.
There is a clear need to
diversity the Libyan economy particularly through attracting foreign
investment, strengthening the
private sector, and expand
the export base.
In 2003, with the lifting
of the sanctions, Libya opened its economy to foreign investment and has also
made a bid to be part of
the World Trade
Organization (WTO). As part of its WTO accession bid, Libya has implemented
numerous trade liberalization
reforms, such as reducing
the number of state importing monopolies, limiting the number of import bans,
abolishing licenses for
most goods, and reducing
subsidies.
Libya is a signatory of
the Greater Arab Free Trade Area (GAFTA) and the Arab Maghreb Union (AMU), with
ties to the
Community of Sahel–Saharan
States (CEN-SAD) and the Common Market for Eastern and Southern Africa
(COMESA). It has
bilateral trade agreements
with Morocco and Jordan. Libya is the only Mediterranean country - with the
exception of Syria – that
has not yet concluded a
Free Trade Agreement with the EU.
2. People and Economy
2.1 People
2.2 Economy
3. Trade Performance
3.1 General Trade
Performance
3.1.1 Evolution of Trade Ratio to GDP - Goods
3.1.2 Evolution of Trade Ratio to GDP - Services
3.1.3 Evolution of Total Trade
3.1.4 Trade Map
3.1.5 Export and Import by Leading Destination - Export
3.1.6 Export and Import by Leading Destination - Import
3.1.7 Evolution of Exports and Imports by Destination - Export
3.1.8 Evolution of Exports and Imports by Destination - Import
3.1.9 Total Export Growth
Source: ITC,
calculations based on ITC’s Trade Competitiveness Map data.
Note:Graph shows
decomposition of the country’s export growth in value terms by diversification
pattern over the indicated
period.
3.1.10 Marginal Export Growth
Source: ITC,
calculations based on ITC’s Trade Competitiveness Map data.
Note:Graph shows
decomposition of the country’s export growth in value by structural driving
effects over the indicated period.
Values are in US$
thousands.
3.1.11 Composition of Trade in Services - Export
3.1.12 Composition of
Trade in Services - Import
3.2 Sector Trade
Performance
3.2.1 Sectoral Diversification in Products - Export
3.2.2 Sectoral Diversification in Products - Import
3.2.3 Sectoral Diversification in Destinations - Export
3.2.4 Sectoral
Diversification in Destinations - Import
3.2.5 Sectors by World Demand - Export
3.2.6 Sectors by World Demand - Import
3.2.7 Trade Performance Index
4. Trade Strategy and
Policy
4.1 Trade and
Development Strategies
Year
Strategy name Sector
2011
COMESA
Cotton-to-Clothing Value Chain Strategy
The strategy is an update
of the 2009 COMESA Regional Strategy for...
Cotton, Garment Industry,
Textile
Industry
2011
COMESA Leather Strategy
The strategy envisages
transforming the leather value-chain into a lead
contributor to...
Leather Industry, Leather
4.2 Domestic and Foreign
Market Access
4.3 Trade Facilitation
Logistics Performance Index (LPI): Country Comparison
Source: World
Bank, Logistics Performance Index (LPI)
Logistics Performance Index – Evolution
Source: World
Bank, Logistics Performance Index (LPI)
4.4 Business and
Regulatory Environment
The Business Environment: Doing Business
Source: World
Bank, Doing Business
Multilateral Trade
Instruments
Abstract
The Trade Treaties Map tool
is a web-based system on multilateral
trade treaties and
instruments designed to assist trade support
institutions (TSIs) and
policymakers in optimizing their country's legal
framework on international
trade
Instrument
ratified : 87 / 266 instruments
Ratification
rate : 32.7%
Weighted
score : 41.5/100
Ratification
Rate Rank
Weighted
Score
Rank
In World : 119 /
193 129 /
193
In Region : Northern
Africa
5/ 6 6/ 6
In
Development
level :
Developing
country
59/ 88 64/ 88
Graph
Presents a visual
illustration breaking down a country’s ratification
level according to various
categories and compares it to the world
average.
Instruments
ratified Click here for a full list and more details about these
multi-lateral trade
instruments
4.5 Infrastructure
Indicator
Value Rank/148
Quality of overall
infrastructure How would you assess general infrastructure (e.g.,
transport,
telephony, and energy) in your country? [1 = extremely underdeveloped—
among
the worst in the world; 7 = extensive and efficient—among the best in the
world]
| 2012–13 weighted average.
2.79 118
Quality of roads How
would you assess roads in your country? (1 = extremely
underdeveloped;
7 = extensive and efficient by international standards) | 2010, 2011. 2.50
125
Quality of railroad
infrastructure How would you assess the railroad system in your
country?
(1 = extremely underdeveloped; 7 = extensive and efficient by international
standards)
| 2010, 2011.
n/a n/a
Quality of port
infrastructure How would you assess port facilities in your country? (1 =
extremely
underdeveloped; 7 = well-developed and efficient by international
standards).
For landlocked countries, this measures the ease of access to port
facilities
and inland waterways | 2010, 2011.
2.99 115
Quality of air transport
infrastructure How would you assess passenger air transport
infrastructure
in your country? (1 = extremely underdeveloped; 7 = extensive and
efficient
by international standards) | 2010, 2011.
2.93 128
Individuals using
Internet (%) Internet users are people with access to the worldwide
network.
155.77 16
Mobile telephone
subscriptions/100 pop According to the World Bank, mobile cellular
telephone
subscriptions are subscriptions to a public mobile telephone service using
cellular
technology, which provides access to switched telephone technology.
Postpaid
and prepaid subscriptions are included. This can also include analogue and
digital
cellular systems but should not include non-cellular systems. Subscribers to
fixed
wireless, public mobile data services, or radio paging services are not
included.
n/a n/a
Fixed broadband Internet
subscriptions/100 pop: The International Telecommunication
Union
considers broadband to be any dedicated connection to the Internet of 256
kilobits
per second or faster, in both directions. Broadband subscribers refers to the
sum of
DSL, cable modem and other broadband (for example, fiber optic, fixed
wireless,
apartment LANs, satellite connections) subscribers.
1.09 99
Source: World
Economic Forum, Global Enabling Trade Report 2014
5. ITC and the
Country/Territory
5.1 ITC Projects
5.1.1
Current projects
No Current Projects
Found!
5.1.2
Recent projects
PACT 2 - COMESA Regional
Private Sector Apex Bodies for Public-Private Dialogue
PACT 2 - COMESA Networks
of National and Regional TSIs
PACT 2 - COMESA Sector
Strategy
PACT 2 - COMESA Market
Analysis and Sector Prioritization
PACT 2 - COMESA Improved
Technical Capacities and RBM Operations
5.2 Events
5.2.1
Upcoming events
No data
5.2.2
Recent events
No data
5.3 ITC Contacts
Lilia
NAAS HACHEM
Acting
Chief, Office for Arab States
+41 22 730 0361
naas@intracen.org
6. Trade Information
Sources and
Contacts
6.1 Trade Information
Sources
This section provides a
list of country specific print and online publications on trade-related topics,
including both ITC and
external sources.
6.1.1
ITC publications
6.1.2 Selected printed
information sources
2006 - Kyambalesa H;
Houngnikpo M C Economic Integration and Development in Africa
2012 - Santi E; , eds.
Unlocking North Africa's Potential through Regional Integration
2010 La filière
agroalimentaire en Libye
2014 The African
Development Bank Group in North Africa - 2014
6.1.3 Selected online
information sources
The OPEC Fund for
International Development
Euro Mediterranean
Information Society (EUMEDIS)
Arab German Consulting
ANIMA Investment Network
African Regional
Organization for Standardization (ARSO)
Arab Trade Financing
Program (ATFP)
6.2 Trade Contacts
Official
Name Address City Phone
Number
Fax Number Email Website
Misurata Chamber of
Commerce, Industry and
Agriculture
LLIC
Building Misurata
+218 512616497
+218 512625984
info@mcci.ly
http://www.mcci.ly
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