Business in Libya

EENI- School of International Business

Subject (Course): International Trade and Doing Business in Libya, Tripoli. Syllabus:

1. Introduction to the State of Libya (The Maghreb).
2. Business in Tripoli and Benghazi
3. Libyan Economy
4. International Trade of Libya
5. Business and Investment Opportunities in Libya
6. General Board of Privatisation and Investment
7. Case Study:
   - Libyan petrol sector
   - Libyan Free Trade Zones
8. Introduction to Arabic
9. Access to the Libyan Market

Objectives of the subject “Foreign Trade and Doing Business in the State of Libya”:

1. To analyse the Libyan economy and foreign trade
2. To evaluate business opportunities in the State of Libya
3. To explore Libya's trade relations with the student's country
4. To know Libya's Free Trade Agreements (FTAs)

Sample of the subject - Foreign Trade and 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.

1. Capital: Tripoli (1.1 millions of people)
2. The second city: Benghazi (Cyrenaica region)
3. Neighbour countries: Algeria, Chad, Egypt, Niger, Sudan, and Tunisia
4. Area: 1.8 million square kilometres (the fourth-largest African country)
5. Libyan Population: 6.2 millions of people
6. Libyan Mediterranean coast: 2,000 kilometres
7. Political: towards a Democratic transition. Recent Libyan Civil War
8. Volatile political environment
9. Libyan official language: Arabic and Tamazight

Religion in Libya:

1. Islam (97%).
2. The main branch: Sunni.
3. 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:

1. Economic recovery in 2012
2. Real Libyan GDP growth: 4.3.
3. The main economic resources: petrol and gas (95% of Libyan Government revenues/50% of GDP)
4. Libyan inflation: 7,5%
5. Currency: Libyan Dinar
6. Great Manmade River Project
7. Zwara and Mesratha Free Trade Zones
8. Tripoli International Fair

Trans-African Corridors.

1. Tripoli-Windhoek Corridor
2. Cairo-Dakar corridor

Nearest foreign ports:

1. Maghrebian Ports
2. Port Said
3. Tunisian Ports

Libya has preferential market access to:

1. Arab Maghreb Union (AMU)
2. Common Market for Eastern and Southern Africa (COMESA)
3. COMESA-EAC-SADC Tripartite Agreement
4. Community of Sahel-Saharan States (CEN-SAD)
5. Euro-Mediterranean Partnership (EUROMED)
6. Arab Mediterranean Free Trade Agreement (FTA)
7. Greater Arab Free-Trade Area (GAFTA)
8. Free Trade Agreement (FTA) with Jordan

Institutions and Agreements (Libya):

1. Organisation of Islamic Cooperation (OIC)
2. Arab League
3. Islamic Development Bank
4. Forum Africa (Libya) China
5. Forum Africa (Libya) India
6. African Development Bank
7. Economic Commission for Africa (ECA)
8. Economic Commission for Western Asia (ESCWA)
9. Asia-Libya Dialogue (AMED)
10. European Neighbourhood Policy
11. Summit of South American-Libya (ASA)
12. New Partnership for Africa's Development (NEPAD)
13. African Union (AU) - Convention on Preventing and Combating Corruption
14. OPEC
15. International Monetary Fund (IMF)
16. World Customs Organisation
17. World Bank (WB)
18. World Trade Organisation (WTO)

❮ Samples - Business in Libya ❯