United States, Libya Sign Trade and Investment Framework Agreement
Washington, D.C. – The United States and Libya today signed a Trade and Investment Framework Agreement (TIFA) that will provide a forum to address trade issues and will help build trade and investment relations between the United States and Libya.
“The United States is committed to supporting Libya’s transition,” Ambassador Froman said. “This agreement provides a forum for the United States and the new Libya to tackle barriers to trade and investment and to deepen our commercial relationship. Our closer economic cooperation will benefit the citizens and economies of both our countries.”
The TIFA will establish a joint U.S.-Libya Council on Trade and Investment (“The Council”), which will address a wide range of trade and investment issues including market access, intellectual property, labor, and environmental issues. The Council will also help to increase commercial and investment opportunities by identifying and working to remove impediments to trade and investment flows between the United States and Libya.
To view a copy of the United States-Libya Trade and Investment Framework, please click here