Ministry of Economy to regulate commodity supply

A decision has been issued by the Ministry of Economy and Trade of the Libyan Government of National Unity to regulate the importation of goods and commodities for trade purposes, aimed at enhancing compliance with banking and customs procedures. The decree stipulates a ban on imports outside banking channels starting from September 30, 2026, requiring fulfillment of customs requirements and proper handling of documents that verify the true value of the shipment. Exceptions are made for individual activities, which can import limited quantities annually provided they hold a valid license and adhere to the necessary procedures and documentation. The decision also includes transitional arrangements for shipments whose procedures began prior to its enforcement, with the stipulation that the competent authorities implement its instructions from the specified date.

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