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Minister Addy underscores Liberia’s membership to WTO

Arthur Douglas/Joseph T. Koon
 Commerce Minister, Axel Addy
Commerce Minister, Axel Addy

MONROVIA, LIBERIA- Commerce Minister, Axel Addy, says Liberia’s membership to the World Trade Organization (WTO) will pave the way for a more prosperous country.

Minister Addy said: “Liberia has tremendous potentials and that the country’s rules and laws are in conformity with international standards.”

The Commerce Minister made the statement Monday, June 27, 2016 at the start of a three-day National Workshop Post Accession at a local hotel in Monrovia.

Minister Addy emphasized: “Liberia’s membership to the WTO will also enhance competitiveness among Liberian companies to attract Liberian products to the international community.”

“What our country needs most is domestic reform based on the principles of transparency, predictability and the rule of multilateral trading system to create a competitive business climate in the private sector, “ he noted.

A high-level delegation from the World Trade Organization (WTO) on Liberia's Post-Accession Plan, arrived in Liberia Monday, June 27, 2016, to identify and support Liberia’s Post Accession Plan.

The plan is a two-year program to promote trade facilitation, customs reforms, and investment in trade support activities and institutions.

According to the Commerce, the visit is part of the standard protocol of accessions to the WTO for Recently Acceded Countries (RACs).
While in Monrovia, the team will meet and hold discussions with various stakeholders in both the public and private sectors.

It will present and answer questions on Liberia’s notifications, share lessons learnt from post-accession programs, and propose modalities to ensure proper coordination among stakeholders.

On July 14, Liberia will become the 163rd member of the World Trade Organization in keeping with the standard protocol for full membership.  It shall become activated in 30 days after the ratification of Liberia’s WTO Accession Package.

Liberia commenced its accession process in 2007 under the leadership of Olubanke King-Akerele, then Minister of Commerce and Industry.

 


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