The U.S.-Libya Business Association is the only U.S. trade association focusing solely on the United States and Libya. It was incorporated in 2005 as a result of the resumption of U.S-Libya diplomatic and commercial relations, to enhance the U.S.-Libya relationship, educate the public about the importance of U.S.-Libya trade and investment, and facilitate the commercial and diplomatic dialogue between the two countries. Its founders believe that the bonds forged by trade and investment form the groundwork for an improved and long-lasting bilateral relationship. The USLBA is a non-profit, member-based organization that sponsors regular policy conferences, briefing sessions and major events featuring senior US and Libyan officials.