What We Do
Business is all about meeting people and building the relationships which lead to further business opportunities. The LBBC's role, purpose and day-to-day activities are all geared towards assisting our members to initiate and develop high-value relationships with the individuals and organisations that control British-Libyan business development.
Unlike other trade associations and business consultancies, the LBBC has the experience, expertise and in-country contacts to ensure that our members’ commercial objectives have the best possible chance of success. By drawing on a well-established and growing network of partners and associates from both the public and private sector, in Libya and the UK, we can guarantee that our members’ interests are represented at the very highest level.
Membership of the LBBC offers more than just prestige – active participation in our programme of events, contact with our network of corporate and political associates and access to LBBC staff expertise and related business intelligence resources helps companies to compete in one of the world’s most challenging yet rewarding emerging markets.
Founding Principles and Long-term Objectives
When the LBBC was formed in 2004, one of the founding objectives was to promote long-term UK-Libyan business development through the ongoing exchange of information and the encouragement of bilateral discussion between the business and political leaderships in Libya and Great Britain.
The Council’s responsibilities, in this respect, were established as follows:
- To identify 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.
- To alert Libyan and UK businesses to opportunities for commercial and investment co-operation within both Libyan and UK markets.
- To identify Libyan and UK companies and organisations that might work together and, as appropriate, benefit from government endorsement and support.
- To identify negative factors that may affect the growth of private sector business, including disincentives to trade and investment and regulatory obstacles that could hamper job creation or slow investment growth.
- To alert the authorities to the rare but difficult disputes that require swift settlement in order to maintain a favourable business climate and minimise bilateral difficulties
Responsibilities to our Members
The LBBC’s founders also pledged to deliver a range of services aimed at helping members to further their business objectives. Within this framework, the LBBC’s key responsibilities can be summarised as follows:
- To devise and implement a programme of regular trade events – both sector-specific and multi-sector – offering members unique access and networking opportunities to increase their commercial prospects and marketing exposure.
- To provide members with practical, cultural and commercial advice and guidance – to help anticipate and overcome common barriers to market entry.
- To provide members with access to market intelligence, news, reports and analyses about the Libyan business scene and its long-term economic outlook.
- To encourage members to introduce their goods and services to new customers and clients in Libya and/or to expand their existing activities there.
- To represent the interests of members (collectively and individually) to the Libyan and UK Governments and their relevant departments and agencies.
- To alert members to new business opportunities in Libya and to advise of any potential problems or downside.
- To encourage members to communicate with and support one another, to their mutual benefit.
To access more detailed information about member services, please go to the Benefits of Membership section of this website.
Who We Work With
In order to fulfil this role and effectively address these issues, the LBBC aimed to maintain close links with the following organisations:
- British government departments, in particular the Foreign and Commonwealth Office and UK Trade and Investment.
- The British Embassy in Tripoli and in particular its staff responsible for promoting trade and investment opportunities and initiatives.
- The Libyan Embassy in London and its staff responsible for promoting trade and investment.
- Libya’s government ministries, departments and other state-controlled agencies, many of which are responsible for some of the largest and most important commercial contracts available to international firms.
- The leading public and private sector companies, business organisations and business leaders in Libya.
Doing Business in the 'New Libya'
Since its formation, the LBBC has introduced hundreds of British businesspeople to the Libyan market and has assisted numerous companies and organisations already established in Libya to further their interests there. During this period, the range and quality of our events programme has increased, our membership has grown (we currently have over 150 Council and Corporate Members), and our executive team has expanded, as professionals with expertise across a variety of industries and business disciplines have joined the LBBC staff roster.
The success of the 17 February Revolution in freeing Libya from the Qadhafi regime ('liberation' was declared on 23 October 2011), the rapid resumption of oil production and the gradual lifting of UN sanctions on the country's massive financial reserves have opened the way to the resumption of economic activity. Now, as the country moves from a transitional revolutionary phase to a political and constitutional settlement, Libya's political and business leaders will be able to focus increasingly on their ambitions to grow a more developed and diversified economy allowing a greater role for the private sector and generating greater national income, employment and standards of living.
The demand for international products, services, skills and investment are offering significant opportunities to UK firms, their Libyan partners and to our foreign competitors. By acting as an influential and informed advocacy group on behalf of UK business in Libya - in dialogue with the British Government, the Libyan authorities and the growing private sector there - the LBBC is in an unparalleled position to help our members meet this demand.