The Impacts of the Proposed EU-Libya Trade Agreement

The paper provides an overview of the potential social, economic and environmental impacts of an EU-Libya FTA as gauged by the EU-Libya Sustainability Impact Assessment (SIA). The main potential benefits to both the EU and Libya from the proposed trade agreement come from closer cooperation in the energy sector rather than from the economy-wide effects of reducing trade barriers. The agreement may also have significant adverse effects that need to be taken into account.