Doing Business in Libya
EENI - Business School.
Subject (Course): International Trade and Business in Libya - Tripoli. Syllabus:
- Introduction to the State of Libya (The Maghreb).
- Business in Tripoli and Benghazi
- Libyan Economy
- International Trade of Libya
- Business and Investment Opportunities in Libya
- General Board of Privatisation and Investment
- Case Study:
- Libyan petrol sector
- Libyan Free Trade Zones
- Introduction to Arabic
- Access to the Libyan Market
Objectives of the subject “Doing Business in the State of Libya”:
- To analyse the Libyan economy and foreign trade
- To evaluate business opportunities in the State of Libya
- To explore Libya's trade relations with the student's country
- To know Libya's Free Trade Agreements (FTAs)
Sample of the subject - Doing Business in Libya:
Subject Description (Doing Business in Libya).
Due to the complexity of the political situation in Syria; it is discouraged travel to Syria; business opportunities are small
outside the energy sector.
Libya: the largest proven Africa's petroleum reserve.
The Civil war in Libya.
The State of Libya.
- Capital: Tripoli (1.1 millions of people)
- The second city: Benghazi (Cyrenaica region)
- Neighbour countries: Algeria, Chad, Egypt, Niger, Sudan, and Tunisia
- Area: 1.8 million square kilometres (the fourth-largest African country)
- Libyan Population: 6.2 millions of people
- Libyan Mediterranean coast: 2,000 kilometres
- Political: towards a Democratic transition. Recent Libyan Civil War
- Volatile political environment
- Libyan official language: Arabic and Tamazight
Religion in Libya:
- Islam (97%).
- The main branch: Sunni.
- School of Fiqh: Fiqh-al-Maliki
Libya belongs to the Maghrebian Economic Area (Islamic Civilisation
and African Civilisation).
The economy of the State of Libya:
recovery in 2012
- Real Libyan GDP growth: 4.3.
- The main economic resources: petrol and gas (95% of Libyan Government revenues/50% of GDP)
- Libyan inflation: 7,5%
- Currency: Libyan Dinar
- Great Manmade River Project
- Zwara and Mesratha Free Trade Zones
- Tripoli International Fair
- Tripoli-Windhoek Corridor
- Cairo-Dakar corridor
Nearest foreign ports:
- Maghrebian Ports
- Port Said
- Tunisian Ports
Libya has preferential market access to:
- Arab Maghreb Union (AMU)
- Common Market for Eastern and Southern Africa (COMESA)
- COMESA-EAC-SADC Tripartite Agreement
- Community of Sahel-Saharan States (CEN-SAD)
- Euro-Mediterranean Partnership (EUROMED)
- Arab Mediterranean Free Trade Agreement (FTA)
- Greater Arab Free Trade Area (GAFTA)
- Free Trade Agreement (FTA) with Jordan
Institutions and Agreements (Libya):
- Organisation of Islamic Cooperation (OIC)
- Arab League
- Islamic Development Bank
- Forum Africa (Libya) China
- Forum Africa (Libya) India
- African Development Bank
- Economic Commission for Africa (ECA)
- Economic Commission for Western Asia (ESCWA)
- Asia-Libya Dialogue (AMED)
- European Neighbourhood Policy
- Summit of South American-Libya (ASA)
- New Partnership for Africa's Development (NEPAD)
- African Union (AU) - Convention on Preventing and Combating Corruption
- International Monetary Fund (IMF)
- World Customs Organisation
- World Bank (WB)
- World Trade Organisation (WTO)