Bilateral trade between the two countries bounced back last year, with Austrian exports to Libya estimated to be worth around €100m (LD162m).

The Msaad-Salloum crossing between Egypt and Libya has reportedly reopened for trade after a temporary agreement was reached on visas and entry controls.

A group of high-level officials from China has held talks with the Libyan government to discuss the resumption of projects by Chinese firms.

The Chamber of Commerce and Industry in Sebha, the largest town in southern Libya, has signed a cooperation agreement with its counterpart from the Turkish city of Izmir.

Tunisian exports to Libya rose by just under 5% year-on-year in January, despite blockages and protests at the Ras Jedir border.

Traffic through the Egyptian-Libyan border at Msaad has been disrupted following the closure of the crossing during the celebrations for the second anniversary of the 2011 uprising.

The value of bilateral goods trade between the two countries surpassed 2010 levels last year as Libya's economy recovered from the 2011 conflict.

Libya's borders with Tunisia and Egypt, which the government had decided to close ahead of celebrations to mark the second anniversary of the 2011 uprising, are scheduled to reopen at midnight on 18/19 February.

Zafer Caglayan, who was recently in Tripoli with a delegation of Turkish businesspeople, says the total value of trade between Libya and Turkey could reach $5bn (LD6.3bn) in 2013.

Libya's land crossings with neighbouring Egypt and Tunisia are to be closed from 14-18 February as the government plans various precautionary measures ahead of the second anniversary of the 2011 uprising.

The Turkish Minister of Economy, Zafer Caglayan, is due to visit Tripoli on 12 February to hold talks with various ministers in a bid to resolve issues of outstanding payments and discuss closer trade cooperation.

The value of UK exports to Libya more than doubled in 2012 compared to a year earlier, but still remains far below pre-conflict levels.

Turkish exports to Libya topped the $2bn (LD2.5bn) mark for the first time in 2012, suggesting the country is one of the main commercial beneficiaries of Libya's post-conflict recovery.

Mohamed Morsi, the Egyptian president, says that trade and investment levels between the two countries are below potential.

The interior ministry has announced that the Msaad border post between Libya and Egypt will be open only to Egyptians, with other nationalities required to enter Libya by air.