The Libyan Government’s Council of Ministers has issued a decision, described as the largest measure yet to support trade, granting a comprehensive 70% exemption from all customs fees and taxes on goods, commodities, and services exported or imported via the Free Zone Port of Sirte. This unprecedented relief will remain in effect for two years, commencing on 1 November 2025.
This strategic move aims to solidify Sirte Port’s position as an attractive international economic and commercial hub. The significant reduction in import and export costs is expected to make using the port a highly competitive option for both local and foreign companies.
The decision is projected to lead to a noticeable drop in shipping costs, which will subsequently contribute to lowering the prices of goods traded within the Libyan market and stimulating overall commercial activity. All traders operating within the Sirte Free Zone, whether involved in supply or distribution operations, stand to benefit from this major exemption.
This reduction is anticipated to bolster the expansion of commercial activity and encourage the influx of new investments, particularly in the infrastructure and logistics sectors surrounding the port. The resolution stipulated that the exemption must take effect immediately upon issuance, overriding any conflicting previous provisions, and mandated competent authorities to execute it without delay to ensure traders and investors can benefit directly and swiftly from these significant economic incentives.
