Bilateral US-Arab Chamber of Commerce
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2009 Trade Mission to Libya

Libya, one of the largest countries in North Africa, boasts large oil and natural gas reserves and a consumer market of almost 6 million. Since the re-establishment of diplomatic relations with Libya in 2004, Libya has established a new presence in the world marketplace. It has opened a full Embassy in Washington DC and, with these new developments, Libya is now more accessible to U.S. companies.

Photos of Libya

April 17 - 23, 2009

Tripoli, Libya

U.S.-Libyan trade has soared since the recent retraction of economic sanctions against Libya, this market now presents a promising outlet to U.S. companies. Trade totaled nearly $3 billion in 2006, primarily from more than $2.5 billion in Libyan petroleum exports to the United States, according to the U.S. Commerce Department. Libya also became the fastest-growing market for U.S. exports in the world, increasing 419 percent to $434 million. Recent U.S. exports to Libya involve machinery related to the petroleum industry, aircraft, automobiles, and agriculture. In November 2007 Libya announced that it would spend 150 billion dinars ($123.4 billion) on public works, much of it in infrastructure, over the next five years. This Trade Mission is a tremendous opportunity to meet some of Libya’s leading investors, project developers, and decision makers while witnessing first-hand the significant investment already made into Libyan infrastructure by a number of our leading Texas-based and U.S. fortune 500 companies.

Mission Objectives include the following:

  • Strengthen international relations’ and advance U.S. business, institutional, commercial and social ties with Libya.
  • Facilitate initial contact and commercial dialogue between U.S. and Libyan companies to establish and/or expand prospective but meaningful trade relationships.
  • Initiate new or broaden existing business partnerships, and lay a foundation for new joint ventures.
  • Sustain and help expand Houston’s role as the energy capital of the world and the U.S as a partner.
  • Benefit U.S. based companies by increasing valued trade between Middle East, Africa and the U.S.

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