Libya Launches New Electronic Platform to Facilitate Foreign Trade

The Libyan Ministry of Economy and Trade has introduced a new electronic platform, called the National Inquiry Point (LTFU), to simplify foreign trade procedures and enhance transparency. The platform was launched after completing its trial phase and ensuring it is ready to provide digital services to importers, exporters, and companies. This development aims to streamline procedures and promote transparency in Libya's foreign trade.

The LTFU platform was officially adopted during a meeting between the Minister of Economy and the Chairman of the Libya Trade Network. The platform provides a unified point of access to information related to foreign trade procedures, legislation, and regulations, as well as standard specifications and data from relevant authorities. This will enable importers and exporters to easily access information and services.

The platform allows users to view import and export procedures, customs clearance, technical approvals, and national certificates and licenses. It also provides information on transit goods, banned and restricted goods, and import licenses. The LTFU platform includes data and indicators from regulatory bodies and customs outlets, covering 53 commercial procedures, 1,030 standard specifications, and data from 10 customs outlets.

The Ministry of Economy and Trade aims to improve services and develop logistical and technical procedures related to foreign trade through the LTFU platform. The platform also offers a query service and allows users to submit complaints about obstacles faced during commercial transactions, which can be tracked digitally.

On October 31, the Ministry of Economy and Trade announced the activation of a digital inquiry system, part of the Libya Trade Network, to regulate import and export transactions. The system provides comprehensive information to traders and companies on procedures, regulations, fees, and competent authorities. Companies are encouraged to register and use the platform to facilitate their commercial transactions.

The LTFU platform is part of the government's efforts to modernize and streamline Libya's foreign trade procedures. The platform is accessible online, and users can register and access its services. This development is expected to enhance transparency, reduce bureaucracy, and promote economic growth in Libya.

The launch of the LTFU platform is a significant step towards improving Libya's business environment and facilitating foreign trade. The platform's services and features will be regularly reviewed and updated to ensure they meet the needs of importers, exporters, and companies operating in Libya.

Key points

• The new electronic platform will provide a unified point of access to information related to foreign trade procedures, legislation, and regulations.
• The platform will allow users to view import and export procedures, customs clearance, technical approvals, and national certificates and licenses.
• The Ministry of Economy and Trade aims to improve services and develop logistical and technical procedures related to foreign trade through the LTFU platform.