TRIPOLI — The British Embassy in Libya announced on Wednesday that bilateral trade expanded 10.7 percent year-on-year, totaling 1.7 billion British pounds.
The figures were highlighted during a Tripoli business conference organized by the Libyan British Business Council (LBBC), underscoring deepening economic ties.
“We were delighted to convene British and Libyan companies, forging partnerships across industries,” said Ambassador Martin Longden addressing delegates.
The forum gathered private sector leaders and policymakers, including Central Bank of Libya (CBL) Governor Sadiq Al-Kabir, to map a robust commercial relationship as Libya emerges from conflict.
CBL chief Al-Kabir reiterated the bank’s commitment to reforms that buttress the private sector, stabilize finance flows and align with global banking standards – priorities also echoing UK trade goals.
Established in 2004, LBBC promotes trade by bridging British and Libyan enterprises through high-level engagement. The council boasts an advisory board featuring former British envoys and industry veterans possessing in-depth Libya market expertise.