U.S. Department of Commerce Executive Trade Mission To Libya and Algeria

Fast-growing economies, vast capital reserves, and major infrastructure needs put Libya and Algeria among the world's most promising markets for U.S. suppliers. To help U.S. firms leverage opportunities in these markets, a senior-level Department official will lead a trade mission to Tripoli, Libya and Algiers, Algeria, November 4-8, 2009.

Where?

Tripoli, Libya and Algiers, Algeria

Why?

Economic health and wealth: Oil-rich Libya enjoys a $12,400 per capita GDP – one of the highest in Africa. Algeria’s large oil and natural gas resources have generated almost $200 billion in foreign exchange reserves – more than any country in the region, including the Gulf.

Focus on infrastructure: Libya’s government has budgeted over $80 billion for major projects relating to housing, highways, railways, telecommunications, and irrigation. Algeria is investing nearly $30 billion to upgrade power generation and more than $96 billion for highway and other infrastructure development.

Surging demand for U.S. products: Since the easing of U.S. sanctions in 2004, U.S. merchandise exports to Libya jumped from $39 million to $721 million in 2008. U.S. exports to Algeria topped $1.1 billion in 2008, with the United States ranking as Algeria’s largest bilateral trading partner in the world.

Diversifying for future growth: As both Libya and Algeria transition to more private-sector led growth, they hold rich trade potential in almost every sector, from oil and gas to telecommunications, medical equipment and services, education, and tourism, and much more.

Apply by

August 1, 2009

See Application Process and Check List

Questions? Please fill out our informational form if you would like to talk to an international trade specialist with any concerns, or contact our North Africa Mission Project Officer: Lisa Huot at 202-482-2796 or at northafricamission@mail.doc.gov.