For six months, the NTC and its partners have been preoccupied with winning the battle against Qadhafi. Now that the military campaign is drawing towards a conclusion and the NTC is turning its attention to stabilization, humanitarian relief and the restoration of basic supplies, it will soon focus on the needs for reconstruction and economic development…Shortly, there will once more be a role for international trade and investment – and the NTC’s public commitment to an economic policy along the lines I described is encouraging.

…events have done nothing to dispel fears that fault lines within the opposition could widen. Many have warned that it is a coalition of disparate organisations with diverse ideologies and objectives, united only at present by their common determination to rid Libya of the Qadhafi regime.

…William Hague announced the United Kingdom's recognition of the National Transitional Council as the sole governmental authority in Libya…Mr Hague also announced that at the request of the Arabian Gulf Oil Company (AGOCO), the UK would make available £91 million of the Company’s assets in the UK.

On 21 June the US Treasury's Office of Foreign Assets Control (OFAC) banned transactions with the Arab Turkish Bank, the North Africa International Bank and North Africa Commercial Bank. OFAC also designated six other entities as subject to US sanctions. They are: General Company for Chemical Industries (aka Abu Kammash, aka GCCI) ; General National Maritime Transport Company (GNMTC); Ghana Libya Arab Holding Company (GLAHCO); GLAHCO Hotels and Tourism Development Company Ltd (aka Golden Tulip Hotel Accra); Libyan Norwegian Fertiliser Company (LIFECO); Pak-Libya Holding Company...

The LBBC and MEC International Ltd held a joint meeting at the offices of Stephenson Harwood on 6 June when 100 participants heard presentations by Richard Northern (HM Ambassador Tripoli), Patrick Guthrie (Asset Freezing Unit, HM Treasury) and Guma El-Gamaty (UK Coordinator, National Transitional Council in Libya).

LBBC members seeking a license of exemption to financial sanctions or having other queries about asset freezing and financial sanctions relating to Libya are invited to co

The DG's regular newsletter examines the current developments in Libya and explains how the LBBC is helping to anticipate the changing situation in the interests of our members. Please click on the link below to read this document.

This is the fourth of the DG’s summaries detailing the international and UK measures now governing bilateral relations with Libya. This report covers topics including sanctions, oil exports and humanitarian aid, as well as ongoing developments with the political and diplomatic situation.

A second supplement to the DG’s summaries (of March 7 and March 14) detailing the international and UK measures now governing bilateral relations with Libya.

A supplement to the DG’s summary (of March 7th) detailing the international and UK measures now governing bilateral relations with Libya. Includes additional advice from the Treasury with respect to trade with Libya.

The DG’s summary of a meeting attended by Lord Trefgarne and Robin Lamb of the LBBC and Lord Green, during which the Minister answered a number of questions about the current situation in Libya, UK policy, the workings of international sanctions and the prospects of relief for British companies from the impact of sanctions, with particular focus on the oil and gas industry in Libya.

The DG’s summary of the international and UK measures now governing bilateral relations with Libya. Includes advice on travel, trade and asset-freezing from the FCO, the Department for Business Innovation and Skills and the Treasury.

These presentations were delivered during the LBBC Healthcare Delegation to Tripoli, 14-17 February 2010. During this three-day event, the delegates were addressed by over a dozen government officials, industry spokespeople and healthcare experts who delivered presentations on a variety of important topics concerning the Libyan healthcare industry. Click on the 'READ MORE' button below for a list of these presentations and speakers, together with brief introductions, biographies, a summary of each presentation’s content and, where available, a link to each of the speakers’ presentation notes (usually in PowerPoint 2003 or 2007 format).

The DG’s regular newsletter examines the recent developments in Libya and explains how we are helping anticipate the changing situation in the interests of our members.

“It is too early to tell how long economic disruption will continue or how serious the impact of political events will be on established business in Libya. But not all the news need be bad – and disruption can also bring opportunity….Our contacts have always gone beyond the Qadhafi regime and include some of the key figures who are now forming the nucleus of an alternative government in Benghazi…[they] have enabled us to keep in direct touch with developments in Libya in the last two weeks and, as soon as the dust settles, we plan an early visit to the country to engage and expand our network.”

This list, which was compiled at the end of 2010, details 20 state-controlled agencies, companies and organisations, which were in place under the Gaddafi regime, and the contact details of key personnel.

An excellent summary of the current opportunities (by sector) for UK firms in Libya under the headings: economy, tourism, infrastructure, oil & gas and banking & finance. Estimates of the current UK-Libyan trade figures (visible and invisible) Practical advice on conducting business in Libya, including potential pitfalls. Includes contact details for UKTI’s team at the British Embassy in Tripoli.

"Welcome to the website of the Libyan British Business Council, upgraded and re-launched with new content and features on 1st September 2009 - the 40th anniversary of Libya's Al Fateh Revolution...."

The EU-Libya Trade Sustainability Impact Assessment (SIA) informs the negotiations of a Free Trade Agreement (FTA) between the European Community and its member states and Libya. Trade SIAs assess the potential impact of proposed liberalisation on sustainable development in order to help optimise policy decision-making. Consultation with key stakeholders in Europe and Libya is an important component throughout the SIA. Trade SIAs assess not only the more traditional aspects of economic impacts (e.

This introductory research was commissioned by the LBBC to examine the potential for UK product and services providers in the Libyan healthcare sector, with a view to gauging the potential demand for a healthcare industry delegation to Tripoli in Spring 2010. The report includes a Q&A with UK industry representatives active in the Libyan healthcare sector. Amendments to this report and additional information, including the opinion of a local healthcare professional on the state of the nation's

Current advice from UKTI for firms doing business in Libya, covering Libyan taxation rules (income tax and corporation tax), the export of goods, stamp duties; branch registration and Joint Venture formation.

BACB is uniquely placed to assist suppliers dealing with the Libyan oil sector as new procurement arrangements come into force. The bank already acts as paying agent, collecting bank, and letter of credit issuing or confirming bank for many Libyan corporate clients and banks, as well as supporting the bonding needs of contractors accessing this market. BACB will be pleased to hear from you if you would like to discuss your payment arrangements in Libya.

Notes from a presentation given by former LBBC Director General Sir Richard Dalton at the LBBC event “Doing Business in Libya – the Second Step” (Nov 2008). The presentation covers Libya’s economic background, an analysis of 10 key sectors and practical advice about doing successful business in Libya and was prepared by the LBBC using information supplied in part by MEC International Ltd. The MEC’s latest report “Libya: Annual Business Assessment 2008” cont