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The value of Libya’s non-oil exports amounted to USD 3.1 billion, the Libyan Export Promotion Centre (LEPC) reported Thursday. Dates, olive oil, and fish top the list of exports, it added.
The value of Libya’s non-oil exports amounted to USD 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, strengthen Libya’s economy, multiply sources of national income, and achieve the desired goal in the long term, in addition to imposing Libyan products on the markets. The LEPC said many companies 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.
This year, the LEPC seeks to achieve success 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.
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.
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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.
