Liberia has the twelfth highest weighted average tariff rate in the world and the second highest in West Africa. In addition, import bans and restrictions, inadequate trade capacity, minimal enforcement of intellectual property rights, poor infrastructure and licensing, and corruption add to the cost of trade. Component 3 of the program will support Liberia’s efforts to improve trade policy and practices, and will complement other donor efforts in this area. The program will support tariff harmonization by providing training to Liberian officials and by launching a multimedia campaign to improve knowledge and awareness of these reforms. The program will also support efforts to reduce non-tariff trade barriers through increased knowledge of and engagement with regional and global organizations, and by improving the regulatory environment. With the passage of a new customs code, will update regulations, inform the public of new changes, and train relevant stakeholders. Finally, the program will support protection of intellectual property rights, including legislation amendments and trainings.
Raise awareness and support implementation of tariff harmonization.
Strengthen Liberia’s trade policy by increasing conformity with international standards.
Modernize Liberia’s customs practices to increase transparency and quality and improve compliance with existing legislation.
Strengthen efforts to protect intellectual property rights.