The EU-Libya Trade Sustainability Impact Assessment (SIA) informs the negotiations of a Free Trade Agreement (FTA) between the European Community and its Member States and Libya. Trade SIAs assess the potential impacts of proposed liberalisation on all pillars of sustainable development in order to help optimise policy decision-making. Consultation with key stakeholders in Europe and Libya is an important component throughout the SIA.
Trade SIAs assess not only the more traditional aspects of economic impacts (for example on trade and output growth), but also on the non-trade impacts of liberalisation (for example, social, environmental and development dimensions). The SIA includes a quantitative analysis of Gross Domestic Products (GDP) components, an overview of the most significant industrial and services sectors, Libya’s external trade, existing legal and regulatory frameworks, labour market situation and environmental issues. Following this task several alternative scenarios will be defined and analysed. Quantitative analysis will be enhanced by additional econometric and qualitative analysis. The project will also carry out detailed sectoral analysis and include a series of policy recommendations.
