No Result
View All Result
Monday, December 8, 2025
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 and Trade discusses strengthening economic cooperation with Chargé d’affaires of the Chinese Embassy in Libya

Aldabaiba holds meeting with Interior Minister Trabelsi and Undersecretary of Defence Zoubi to follow up on ‎‎security and military developments

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 announces force majeure at Zawia port
Business

Akakus Oil Operations complete drilling and commissioning of injection well which contributes to restarting several shut down wells

December 7, 2025
CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December
Business

Lack of control of state spending and the de facto existence of two governments in Libya negatively affects the CBL’s effectiveness: CBL Board Member

December 7, 2025
LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September
Business

Libyan Business Council and Islamic Development Bank hold virtual meeting on supporting and financing the private sector

December 7, 2025
CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December
Business

CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December

December 7, 2025
CBL receives results from meetings with international banks
Business

CBL instructs banks, fuel distribution companies and the bakeries’ union to increase the use of e-payments

December 7, 2025
NOC announces force majeure at Zawia port
Business

Zueitina Oil and Gas Co. launches Second Injection Unit – increasing production by 8,000 barrels per day

December 6, 2025
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

libyaherald-Ads

Top Stories

  • AmCham Libya leading Libyan delegation to 2024 World of Concrete Tradeshow in Las Vegas, 23-25 January

    AmCham Libya organizing Second AmCham Pavilion at Tripoli’s 2026 Libya Energy & Economic Summit (LEES)

    0 shares
    Share 0 Tweet 0
  • Three million illegal immigrants in Libya, 75 % of whom are families, constitute ”settlement” which Libyans reject – illegally transfer US$ 7 billion annually: Interior Minister Trabelsi

    0 shares
    Share 0 Tweet 0
  • Former Tripoli Marriot hotel rebranded, upgraded and reopened as Al-Hayat Tower

    0 shares
    Share 0 Tweet 0
  • National Oil Corporation, Eni, BP, and Libyan Investment Authority consortium preparing to drill first deepwater exploratory well in Sirte Basin

    0 shares
    Share 0 Tweet 0
  • “PM Aldabaiba, oversight bodies, Audit Bureau, and Attorney General bear direct legal responsibility for corruption currently plaguing National Oil Corporation’’

    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

Akakus Oil Operations complete drilling and commissioning of injection well which contributes to restarting several shut down wells

Lack of control of state spending and the de facto existence of two governments in Libya negatively affects the CBL’s effectiveness: CBL Board Member

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.