23 Hrs
Source:
وكالة الأنباء الليبية
Libya Approves Mandatory Supplier Registration in Digital Trade System
The Ministry of Economy and Trade in Libya has decided to require all suppliers and exporters, including foreign companies, to register in the unified digital trade system (PTS) starting January 2027, in order to regulate foreign trade operations. During the transitional phase until the end of 2026, registration will be voluntary. However, it will become mandatory for suppliers whose transactions or shipments exceed one million dollars annually. Later, by March 2027, all suppliers and exporters with exports or shipments exceeding 100,000 dollars per year will be required to register. The aim of this decision is to accelerate verification procedures and facilitate import and export processes through electronic connectivity between the system and relevant authorities such as banks, customs, and ports.
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