The internationally unrecognised Libyan Government based in Benghazi announced last Friday (21 November) Cabinet issued Resolution No. (28) of 2025, stipulating a comprehensive 70% exemption from all customs duties and taxes on goods, commodities, and services exported or entering through the Sirte Free Zone Port, for a period of two years starting from 1 November 2025.
It said, in a move to support trade and investment, this resolution underscores the government’s commitment to strengthening the position of Sirte Port as an international economic hub and significantly facilitating import and export operations. This exemption will make shipping costs through Sirte more competitive, encouraging local and international companies to use the port as a strategic transit point.
All traders dealing with the Sirte Free Zone, whether importers or exporters, will benefit from this resolution, as it will significantly reduce transportation and customs costs, potentially leading to lower prices for goods in the Libyan market and stimulating commercial demand.
It said the exemption is expected to contribute to boosting economic development in the region by attracting new investments and encouraging the development of more logistical infrastructure around the port, thus supporting Libya’s vision of becoming a leading trade destination in the Mediterranean.
The decision stipulates that it takes effect immediately upon issuance and supersedes any previous conflicting provisions, while instructing the relevant authorities to implement it swiftly to ensure that traders benefit from these advantages as quickly as possible.
