Business in Libya

The objectives of the subject “International Trade and Business in the State of Libya” are the following:

1. To analyze the Libyan Economy and Global Trade
2. To know the business opportunities in the State of Libya
3. To explore the Libyan trade relations with the country of the student
4. To know the Libyan Trade Agreements

The Subject “Foreign Trade and Business in Libya” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: Islamic Business, African Business, World Trade.

Masters: International Business, Foreign Trade.

Course: Business in the Maghreb.

Languages: or Libye Libia Libia.

Credits of the subject “Doing Business in Libya”: 1

Libyan Preferential Access and Trade Agreements:

1. Libya and the Maghrebian Economic Area
2. Arab Maghreb Union
3. Common Market for Eastern and Southern Africa (COMESA)
   1. COMESA-U.S. Agreement
4. COMESA-EAC-SADC Agreement
5. Community of Sahel-Saharan States (CEN-SAD)
6. African Continental Free-Trade Area
7. Libya-EU
   1. Euro-Mediterranean Partnership
   2. European Neighborhood Policy
8. Agadir Agreement
9. GAFTA
10. Trade Agreement with Jordan
11. Islamic Trade Preferential System
12. Islamic Centre for Development of Trade
13. Global System of Trade Preferences

1. WTO (in process of accession)
2. WCO
   1. Kyoto Convention
3. BIC (Containers)
4. Chicago Convention (ICAO)
5. International Maritime Organization
   1. Istanbul Convention - not a member
6. Customs Convention on Containers - not a member

1. Economic Commission for Western Asia (ESCWA)
2. Arab League
3. OIC
   1. Committee for Economic Cooperation
   2. Islamic Chamber of Commerce
   3. Economic Centre for Islamic Countries
4. Asia - Middle East Dialogue
5. Summit of South America-Arab Countries
6. Afro-Arab Cooperation
7. Arab Bank for Africa (BADEA)
8. Arab Development Funds

1. Economic Commission for Africa
2. African Union
   1. AU Convention on Combating Corruption
   2. AUDA-NEPAD
3. African Development Bank
4. Africa-Turkey Partnership
5. Africa-Asia Partnership
6. China-Africa Cooperation
7. Africa-India Cooperation
8. Africa-BRICS
9. Africa-South America Summit

1. OPEC
2. WCO
3. UN
4. WB
5. WTO
6. IMF

The State of Libya.

Due to the complexity of the political situation in Syria; it is discouraged to travel to Syria. Business opportunities are small outside the energy sector.

1. Capital of Libya: Tripoli (1.1 million people)
2. Second city: Benghazi (Cyrenaica region)
3. Largest Libyan cities: Tripoli, Benghazi, Misrata, El-Beida, Al Khums, Zawiya
4. Neighbor countries: Algeria, Chad, Egypt, Niger, Sudan, and Tunisia
5. Area of Libya: 1.8 million km² (the fourth-largest African Country)
6. Libyan Population: 6.2 million people
7. Libyan Mediterranean coast: 2,000 kilometers
8. Political: towards a Democratic transition
9. Recent Libyan Civil War
10. Volatile political environment
11. Libyan official language: Arabic and Tamazight

More information about Libya (EENI African Business Portal).

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 Civilization and the African Civilization).

Economy of the State of Libya:

1. Economic recovery in 2012
2. Real Libyan GDP growth: 4.3
3. The main economic resources are petrol and gas (95% of the Libyan Government revenues/50% of the GDP)
4. Libyan inflation: 7.5%
5. Currency of Libya: Libyan Dinar
6. Great Manmade River Project
7. Zwara and Mesratha Free Trade Zones
8. Tripoli International Fair

Nearest foreign ports:

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

(c) EENI Global Business School (1995-2023)
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