LBBC Aims

A better relationship. The Libyan British Business Council fosters high-level links between the public and private sectors in both countries. It supports commercial activity between the respective business communities, working with the British and Libyan governments, and in Libya with the Libyan Business Council and the British Business Group. It also identifies potential joint venture partners and acts as a reference point for matters of mutual concern. It publishes a regular bulletin, keeping members up to date with the latest commercial and economic developments affecting the two countries.

The Council enjoys the support of the Libyan and British governments. Its establishment in 2004 followed a period when the full potential of economic relations between the UK and Libya had not been realised. British companies have a long and honourable history of trade with Libya that has been of mutual benefit. The Council seeks to build on the successes of the past and to identify new opportunities for the future for both British and Libyan organisations. The Council promotes contacts between Britain and Libya designed to increase the volume of business in an era marked by mutual respect and co-operation.

LBBC Objectives

Practical progress The Council exchanges information and encourages bilateral discussion that addresses the following areas:

1. Initiatives that the governments of Libya and the United Kingdom might take to promote mutual business and investment growth, bringing to bear EU and other multinational funds as appropriate.
2. Attracting Libyan and UK business to opportunities for co-operation in Libya and the UK, including opportunities that could be a catalyst for Libyan private sector growth.
3. The identification of Libyan and UK companies and organisations that might work together and, as appropriate, benefit from government endorsement and support.
4. Factors that affect the growth of private sector business, including disincentives to trade and investment and regulatory obstacles that can hamper job creation and investment growth.

5. Bringing to the attention of governments the rare but particularly difficult business disputes that need settlement to maintain a favourable business climate and to minimise bilateral difficulties.