Trade

12-08-2010
Libyan Prime Minister Baghdadi Al Mahmoudi said on 6 August that the government would create a $100m investment fund focussed on Niger, which borders Libya to the south-west.
12-08-2010
The Caribbean island of Grenada is to receive a $1.9m grant from Libya for public works projects. The donation comes as part of Libya’s commitment to provide $10m to countries from the Organisation of Eastern Caribbean States (OECS), following the visit by a Caribbean delegation to the North African country. 
05-08-2010
On a recent trip to the Chadian capital, Ndjamena, Libyan leader Muammar Gaddafi announced that Libya had allocated $90bn for investment throughout Africa.
05-08-2010
Greek and Libyan officials have agreed the legal framework for several memoranda of understanding in July which seek to improve bilateral cooperation and trade.
05-08-2010
At a July meeting, the Coordination Committee of the Syrian-Libyan Strategic Cooperation Council discussed ways to increase trade and encourage investment opportunities.
25-05-2010
Following a US trade delegation to Tripoli in February and an apparent general improvement in relations between the two countries, Libya and the US signed a new trade and investment framework in May 2010.
11-02-2010
Talks between senior Emirati and Libyan officials were held in January, concluding with two memoranda of understanding.
11-02-2010
The Basic People’s Congress, Libya’s main legislative body, has accepted a law establishing a new 100km tax-free investment zone along the country’s Mediterranean coast.
10-01-2010
In late December, the African Union (AU) said that it was considering the establishment of a $4bn pan-African Investment Bank which would be active across the continent. Although it remains to be seen whether the project will actually materialise, it is significant that Tripoli has been announced as the bank’s planned headquarters.
08-12-2009
Turkish Prime Minister Recep Tayyip Erdogan’s three-day visit to Libya in November concluded with a raft of economic and political cooperation deals. Erdogan also voiced hope that a free trade agreement between the two countries would come into force in 2010.