{"id":258810,"date":"2026-11-14T22:24:48","date_gmt":"2026-11-14T20:24:48","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=258810"},"modified":"2026-11-14T22:24:51","modified_gmt":"2026-11-14T20:24:51","slug":"medium-it-is-important-for-libya-to-become-a-trading-nation-again","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/medium-it-is-important-for-libya-to-become-a-trading-nation-again\/","title":{"rendered":"Medium: It Is Important for Libya to Become a Trading Nation Again"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The website <em>Medium<\/em> reported today, Saturday, citing writer Hamza Bait Al-Mal, that Libya needs to become a trading nation once again. While trade with neighbouring countries continues, the problem lies in the fact that much of the economic activity takes place informally. Smuggling has flourished, while legitimate trade has become extremely difficult. Therefore, the first reform Libya needs is not at its borders, but within the country itself. Trade laws, currency regulations, and the banking system all need to be modernized. Distortions in the currency market, weak financial institutions, and outdated regulations make transparent trade more difficult than it should be. If Libya makes legitimate business easier, more trade can be brought into the formal economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The website noted that this is not a problem unique to Libya. The World Bank&#8217;s 2026 report on African integration indicates that approximately 60% of trade costs result from domestic barriers, including weak logistics services, customs delays, and inadequate infrastructure. Governments can remove many of these obstacles themselves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the website, better-designed free trade zones along Libya&#8217;s borders could help by giving businesses and border communities a stake in legitimate trade rather than informal markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The website also highlighted that security and infrastructure are critically important. Libya needs better roads, particularly towards the south, enabling businesses to transport goods and people. Trade requires roads and security and, above all, laws that allow businesses to thrive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We should start where the greatest opportunities lie: Egypt and Tunisia, our most important immediate economic neighbours. Our peoples have maintained strong ties for generations. Libyans travel to both countries for work, tourism, healthcare, and family visits, while Egyptians and Tunisians have long worked and traded in Libya. Facilitating these relationships through simplified trade regulations, more efficient border procedures, and greater freedom of movement for workers would deliver tangible benefits to Libyans and other peoples alike.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The website continued by stating that the potential gains extend far beyond our borders. A 2022 World Bank study indicated that expanding the implementation of the African Continental Free Trade Area Agreement could increase regional incomes by 9% and create an additional 18 million jobs by 2035. These are conditional projections, not guaranteed gains. However, they illustrate why Libya should view its neighbours as future markets and trading partners, as well as sources of shared prosperity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The website added that this is particularly important in our relations with countries to the south. Libya must make concerted efforts to rebuild trust there. In the past, our involvement in parts of Africa was often associated with political interference, conflict, and instability. More recently, insecurity in Libya and the proliferation of weapons have contributed to instability beyond our borders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The website stressed the importance of demonstrating that the new Libya seeks a different relationship with its neighbours, one founded on sound trade principles, stability, and prosperity for everyone, not just Libya. This is a much greater vision than simply controlling our borders. Libya has long exported instability; our ambition now should be to export goods, services, and prosperity, according to the website.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The website Medium reported today, Saturday, citing writer Hamza Bait Al-Mal, that Libya needs to become a trading nation once again. While trade with neighbouring countries continues, the problem lies in the fact that much of the economic activity takes place informally. Smuggling has flourished, while legitimate trade has become extremely difficult. Therefore, the first [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":258814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":1,"_asgm_disable_schema":false,"_asgm_disable_faq":false,"_asgm_disable_howto":false,"_asgm_disable_llms":false,"_asgm_llms_description":"","footnotes":""},"categories":[2],"tags":[613],"class_list":["post-258810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-libya"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Medium: It Is Important for Libya to Become a Trading Nation Again - Sada Newspaper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sada.ly\/en\/medium-it-is-important-for-libya-to-become-a-trading-nation-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medium: It Is Important for Libya to Become a Trading Nation Again - Sada Newspaper\" \/>\n<meta property=\"og:description\" content=\"The website Medium reported today, Saturday, citing writer Hamza Bait Al-Mal, that Libya needs to become a trading nation once again. 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