The Tripoli based Libyan Ministry of Economy and Trade issued Statement No. 5 of 2026 last Sunday (10 May) regarding directing businesses to use legal distribution channels to control prices in the local market.
Through the Statement, the Minister directed all import companies to regulate product marketing in accordance with the provisions of the decision, and emphasized that international agencies marketing in the Libyan market must appoint local agents and authorized commercial representatives throughout the country and announce the selling prices of their products, in accordance with the provisions of Law 23/2010.
Decree No. 261 of 2026 and No. 254 of 2026
The Minister also issued Decree No. 261 of 2026 on the establishment of executive controls for the implementation of Decree No. 254 of 2026 on regulating trade relations and legal distribution channels in the local market, in a step aimed at controlling the movement of imports and distribution, enhancing transparency and disclosure of prices, and combating monopolistic practices.
The decision stipulated that import companies and local factories are obliged to settle their status in accordance with the specified controls, while granting companies that have documentary credits or supplies exceeding $5 million a specific time period to contract with commercial or approved agents and deposit contracts in the commercial register, in addition to obliging them to periodically disclose the prices of goods and products and report them to the Ministry of Economy and Trade in accordance with the approved mechanisms.
