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Doing Business in Libya

Discussion of how to do business in Libya as well as Libya's trade sanctions and export licenses.

Doing Business in Libya

Postby bridgat » Tue Nov 18, 2008 7:48 am

Persistence and Patience are Keys to Success: Libya is not an easy place to do business. Those who will succeed here will have identified a specific market opportunity and will be committed to a long term engagement. Several U.S. and foreign firms have found sizable opportunities. They are typically willing to hire someone (whether an expatriate, or Libyan) to represent them on the ground, full time.

Real Opportunities: Apart from the obvious opportunities in the oil & gas sector, there appear to be profitable niches in oil services, maintenance facilities, telecom services and equipment, aircraft parts & supplies, agricultural equipment (pivot irrigation & desalinization), road-building materials, industrial and interior paints, hotel & tourist facilities, personal and household electronics and consumer goods - all kinds. Keep in mind this is a country of only 5.5 million people. While the local market is modest, there are opportunities to use Libya as a base for expansion elsewhere in the region.

Go Through the Front Door: Do not attempt to circumvent bidding processes by finding special sources of patronage or going through a local middleman. This is a tempting option, but the vast majority of the time it will backfire.

Trade Conferences: Numerous trade shows and conferences have been held in Tripoli in recent months, by a variety of organizations. Most of these have not lived up to attendee and sponsor expectations. With rare exceptions, conferences are not the optimal means of making substantive local contacts. Perform due diligence prior to sending representation to any given event; if you have questions, contact U.S. Liaison Office, Tripoli.
bridgat
 
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Re: Doing Business in Libya

Postby Guest » Sun Feb 15, 2009 7:21 pm

FROM: Pac Rim Holdings USA

We have found your web site to be most helpful in our quest to do business in Libya but was wondering if you could give us just a little more help?

We export American Indian manufactured cigarettes and we are in the process of expanding our market and we would like to include Libya in this process. Our problem is that we have had no success in coming up with any companies in Libya who are currently importing tobacco products. We have emailed the Liaison office in Tripoli but have received no help.

Any help you can give would be most appreciated;

G.T.McKinney Pac Rim Holdings EMAIL: gtm7day@embarqmail.com
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