No Result
View All Result
Sunday, March 29, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

In an effort to bring prices down, Libya exempts food imports from all duties

bySami Zaptia
November 11, 2021
Reading Time: 1 min read
A A
In an effort to bring prices down, Libya exempts food imports from all duties

In an attempt to control rising prices, food imports will be exempt from import duties (Photo: GNU).

By Sami Zaptia.

In an attempt to control rising prices, food imports will be exempt from import duties (Photo: GNU).

Tripoli, 11 November 2021:

In an effort to counter price rises, the Abd Alhamid Aldabaiba-led Libyan government passed a decree (537/21) yesterday exempting all food imports from tax duties.

The decree was initiated by the Ministry of Economy which said this comes in the context of encouraging import tools to increase their imports of food commodities, raise the level of strategic stocks and the necessary needs for the local market, and cover the demand for commodities,

The Economy Ministry said this move aims to reduce the burden on the shoulders of the citizen.

RELATED POSTS

Ministry of Economy reminds traders of need to abide by its regulations on the supply of goods, products and services to citizens

PM Aldabaiba reopens Tripoli Zoo after a 17-year closure: a symbolic turnaround for the Zoo – from a militia military base back to a leading recreation destination

Prime Minister tours Tripoli – inspecting food prices

Earlier, the Prime Minister visited several shops and bakeries, to inspect prices and the availability of various products.

The government reported that during his visit, he listened to citizens’ comments regarding quality, prices and availability.

During a visit to a bakery, he enquired about weights and prices, given that bread is one of the basic commodities. Visiting a pharmacy, he discussed the methods of buying and selling medicines and their compliance with specifications.

The government media department reported that following his tour, Aldabaiba issued instructions to exempt all imported foodstuffs and medicines from taxes and stressed the head of the Municipal Guard on the need to follow up on price controls.

The PM was accompanied on his tour by the Ministers of Youth and Local Government, the Undersecretary of the Ministry of Economy and Trade, and the Head of the Municipal Guard.

Tags: Abd Alhamid aldabaiba pm GNU Government of National UnityfeaturedfoodMinistry of Economy and Trade GNUprices

Related Posts

NOC celebrates return of Schlumberger Libya’s (SLB) in-country operations as an independent operating entity (LIG) – as they were before 2011
Business

NOC celebrates return of Schlumberger Libya’s (SLB) in-country operations as an independent operating entity (LIG) – as they were before 2011

March 28, 2026
NOC announces force majeure at Zawia port
Business

First-ever Libya use of SLB’s AI technology opens new horizons in Horizontal Drilling for Sirte Oil Company

March 28, 2026
Libyan – Bosnian Business Forum – to be held from 29 to 30 March in Misrata
Business

Libyan – Bosnian Business Forum – to be held from 29 to 30 March in Misrata

March 28, 2026
NOC announces force majeure at Zawia port
Business

Production rates at Ghadames Basin’s B1-NC 216A exploration well of 2,000 barrels per day exceeding expectations: NOC

March 28, 2026
NOC signs MoU with Chevron to conduct technical study of offshore block NC 146
Business

NOC signs MoU with Chevron to conduct technical study of offshore block NC 146

March 27, 2026
Transport Ministry meets Japanese company North Star interested in investing in Libya
Business

Transport Minister and PM’s Financial Advisor Shahoubi meets US Chargé d’affaires Berndt – Unified Development Programme, transport sector and unifying institutions discussed

March 27, 2026
Next Post

Libya Herald exclusive: LBC head Fellah slams price controls and limited effect of food import duties exemption – calls for all Libya to be a duty free zone

Libya seeks foreign investment in its minerals sectors: Oil Minister Aoun at Africa Energy Week, South Africa

Libya seeks foreign investment in its minerals sectors: Oil Minister Aoun at Africa Energy Week, South Africa

Top Stories

  • Libya dinar continues to gain strength against hard currencies in black-market – remaining below LD 5 per dollar over last week: Report and analysis

    CBL leaks to local media: New currency arriving – Intention to pump US$ 2.5 in market on 1 April

    0 shares
    Share 0 Tweet 0
  • Damaged and drifting Russian gas tanker under control – being tugged away to sea by Libyan efforts

    0 shares
    Share 0 Tweet 0
  • US stresses importance of fully implementing its brokered Unified Development Programme agreement and establishing a unified budget

    0 shares
    Share 0 Tweet 0
  • China cancels customs duties on Libyan imports starting from this May – banking and financial cooperation will be enhanced

    0 shares
    Share 0 Tweet 0
  • Libyan Chinese Economic Forum to be held in Tripoli in mid-April

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

NOC celebrates return of Schlumberger Libya’s (SLB) in-country operations as an independent operating entity (LIG) – as they were before 2011

First-ever Libya use of SLB’s AI technology opens new horizons in Horizontal Drilling for Sirte Oil Company

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.