The value of Libya’s non-oil exports amounted to US$ 3.1 billion, the Libyan Export Promotion Centre (LEPC) reported Thursday. Dates, olive oil and fish top the list of exports, it added.
The LEPC said Libya is moving to strengthen its exports by strengthening the capabilities of the LEPC to create alternatives to the country’s dominant source of income, oil, which constitutes about 95 percent of state revenues.
Increased exports, it added, strengthens Libya’s economy, multiplies sources of national income, and achieves the desired goal in the long term, in addition to imposing Libyan products on the markets.
Other products
The LEPC said there are many companies that export several other products, including (the international prize-winning) honey, pasta, couscous, packaged foodstuffs, and building materials.
These are exported to several countries in Africa, Europe, and Asia, and in particular certain countries, including Sweden, Turkey, Niger, Malaysia, and Singapore. With more support and development of the private sector in Libya, exports would increase, the LEPC added.
Seeking new markets in Africa
This year, the LEPC seeks to achieve successes in new markets in Africa by organizing bilateral “B2B” meetings between companies registered in its Exporters’ Registry with companies in African countries. The LEPC’s Markets and Promotion Department has conducted studies of these potential new export markets which have shown the possibility of promoting several local products in the markets of Senegal, Ivory Coast and Guinea. Niger and Mauritania, the LEPC revealed.
Targeting Malaysia
The LEPC said it also seeks to open horizons of cooperation with several countries, including Malaysia through the Libyan-Malaysian Joint Chamber, as well as the Malaysian Foreign Trade Development Agency, where joint exhibitions and meetings will be organized between businessmen in Libya and Malaysia.
Seeking duty-free exports to Turkey
The LEPC said it is also working to overcome the difficulties facing Libyan exports to enter the Turkish market, as Libyan exports face great burdens in terms of customs duties and high taxes. Discussions are ongoing with the Turkish side to treat Libyan exports the same way Turkish exports are treated in Libya, it confirmed.
Libyan olive oils win three prizes at the Japan Olive Oil Prize 2023 (libyaherald.com)
First National Olive Oil Prize launched (libyaherald.com)
Libyan olive oil from Gharian wins two international prizes during May (libyaherald.com)
Libya’s Libico olive oil from Gharian wins another international prize (libyaherald.com)
Libyan olive oils win prizes at Berlin awards – plans to increase production | (libyaherald.com)
Libico olive oil exported to Italy | (libyaherald.com)
Libya organizes non-oil exports conference – Tripoli, 16-17 March | (libyaherald.com)
Libya considering allowing fish exports to EU | (libyaherald.com)
Libyan dates exported to Morocco through Benghazi port | (libyaherald.com)
Libya takes first steps towards exporting fish to Europe | (libyaherald.com)
Oil and olive oil fair opens in Tripoli | (libyaherald.com)
Never mind the oil, what about the olive oil? | (libyaherald.com)
Eighth Libyan Dates and Associated Industries exhibition opens in Tripoli | (libyaherald.com)
