Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

LIBYA

Libya To Eliminate Duties On Imported Goods

Libya says it will eliminate import duties on all goods (except cigarettes) as of 1 September 2005 and instead impose a 4% service import tax. The move will affect some 3,500 commodities and is seen as the latest step by Tripoli to liberalize its economy. Prime Minister Shukri Ghanem on 10 July announced the decision saying that it would improve the countrys economic performance and ease...