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ARTICLE · 30 OCTOBER 2008

Doing Business In Libya Through Malta

When Malta obtained its independence from Great Britain in 1964 its first embassy as a sovereign state was opened in Tripoli, Libya.

MaltaCorporate/Commercial Law
Austin Sammut
Austin Sammut

When Malta obtained its independence from Great Britain in 1964 its first embassy as a sovereign state was opened in Tripoli, Libya. This was a clear sign of the close ties and warm relationship between the two countries, not only then, but for centuries since the time of our mutual earliest known occupiers, the Phoenicians, those prolific traders or latter day businessmen. Malta and Libya have always been of assistance to each other, such as when Malta received preferential rates for its oil over many years and when Malta served as Libya's front door during the period when U.N. sanctions were in force. Now, that Libya's rapprochement with the rest of the world is complete, its relationship with Malta is entering a new phase from which both countries can benefit if the tremendous business opportunities are fully exploited. It has restored trading links and political relations with its international partners so as to prosper in today's global world.

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