Libya

Quick Facts

Official Name Great Socialist People's Libyan Arab Jamahiriya Libya
Capital Tripoli
Location Northern Africa, bordering the Mediterranean Sea, between Egypt and Tunisia
Area total: 1,759,540 sq km land: 1,759,540 sq km water: 0 sq km
Climate Mediterranean along coast; dry, extreme desert interior
Terrain mostly barren, flat to undulating plains, plateaus, depressions
editor picks

Trade Agreements

African Free Trade Zone Agreement (AFTZ)

The leaders of three African trading blocs signed an agreement to create a free trade zone of 26 countries with a GDP of an estimated $624bn (£382.9bn). It is hoped the deal will ease access to markets within the region and end problems arising from the fact several countries belong to multiple groups.The deal also aims to strengthen the bloc's bargaining power when negotiating international deals.Analysts say the agreement will help intra-regional trade and boost growth.The three blocs which struck the deal were the Southern African Development Community (SADC), the East African Community (EAC) and the Common Market for Eastern and Southern Africa (Comesa).The agreement will also lend its backing to joint infrastructure and energy projects in the zone.

view details

Greater Arab Free Trade Area (GAFTA)

no flag availableIraq
no flag availableJordan
no flag availableKuwait
no flag availableSyria
no flag availableUnited Arab Emirates
no flag availableYemen

  GAFTA is supervised and run by the Arab Economic Council in the Arab League. GAFTA has a high income, population, and area and has significant resources available. The Greater Arab Free Trade Area was a project adopted in 1997, when 17 Arab League members agreed on decreasing the customs on local production and to make an Arab Free Zone for exports and imports between members.

view details

editor picks

Trade Organizations

Arab Maghreb Union (AMU/UMA)

AMU is a pillar of the AEC. It is a Pan-Arab trade that aims for economic and political unity in North Africa.

view details

Common Market for Eastern and Southern Africa (COMESA)

The purpose of COMESA is to create high standards of living for all its people ready to merge into an African Economic Community.

view details

Community of Sahel-Saharan States (CEN-SAD)

CEN-SAD is a Regional Economic community of the Organization of African Unity. The organization looks to implementing a community that comprises of sustained socio-economic development. CEN-SAD looks to free movement of persons, capitals and interests of nationals of members. Right of establishment, ownership and exercise of economic activity. Last, free trade and movement of goods, commodities and services from members.

view details

editor picks

Data Center

Data Center goes here...