12 Hrs
Source:
عين ليبيا
Economy Ministry mandates digital trade registration
The Ministry of Economy and Commerce has issued a decision aimed at regulating foreign trade operations in Libya by adopting a unified digital system for suppliers and exporters (PTS). The decision requires suppliers and exporters, including foreign companies, to register in order to obtain a proof of registration certificate with an electronic identification code (PTS Code). The implementation is divided into two phases; the transitional phase will continue until the end of 2026, and registration will become mandatory starting in 2027 for suppliers and exporters whose transactions or shipments exceed one billion dollars annually. It will expand to include all exporters whose exports exceed 100,000 dollars annually beginning in March 2027. The decision seeks to speed up and facilitate verification procedures and transactions through electronic linkage with banking, customs, and port systems, while emphasizing the commitment of relevant authorities to enforce its provisions.
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