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Message: Re: Canadians not welcome in Libya...

I don't think this is really the final nail of the WWF coffin. We see how well MF connections will work with the King. Does WWF not have an office in Libya. ?Maybe MF can sent someone that is not Canadian...lol

Anyway, Canada has some interest in re-establishing relations with Libya and do what Switzerland does (send senior officials to appease Gadhafi) and not only to save the few 100 million dollars we trade with libya ( see link) but for other reasons as well. Besides Gadhafi needs the rich western world more than we need him.


Bilateral Commercial Relations

Canadian economic sanctions were lifted in 1999, when Libya made two suspects in the Lockerbie airliner bombing available for trial. Canada established an Embassy in Tripoli in 2001, and a resident Ambassador was appointed in 2004. Since that time, the federal government has been working diligently to broaden our economic relations and facilitate business opportunities for Canadian exporters and investors in Libya.

Bilateral trade between Canada and Libya has fluctuated in recent years because of the relatively small size and narrow scope of the Libyan economy that resulted primarily from its decades of political and economic isolation.

Canadian merchandise exports to Libya declined from $103 million in 2004, to $84.8 million in 2005 and further to $67 million in 2006. They then rose sharply to $195 million during 2007. The decreases from 2004-2006 are largely attributable to a decrease in sales of durum wheat, while the increase during 2007 was due to a sale of jet aircraft.

Since 2005, our exports have become concentrated in sophisticated high value-added manufactured products. These include aircraft, machinery, medical and technical instrumentation and iron and steel articles. Imports from Libya reached $85 million in 2004, rose to $91 million in 2005 declined to $67 million in 2006. No imports were recorded during 2007.

In addition to the shift in our exports to higher value-added goods, Canadian firms are delivering a range of sophisticated services to Libyan infrastructure, energy and educational projects.

Challenges For Canadian Companies In Libya

Libya’s business culture is significantly different from that of Canada. Some Canadian companies find that Libya’s system of economic governance creates challenges for both exporters and investors. For example, with the exercise of administrative discretion being more prevalent than in Canada.

Since most business documents and contracts are written in Arabic, firms may encounter both challenges and costs related to translation and interpretation.

(http://www.international.gc.ca/commerce_missions/libya-libye/country-pays.aspx?lang=eng&menu_id=4&menu=R)

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