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Commerce Ministry shuts down many businesses…

Jarp Davies /Maximilian Kasseh, Jr.
Ministry of Commerce,Monrovia
Ministry of Commerce,Monrovia

MONROVIA, LIBERIA-The Ministry of Commerce and Industry has shut down several businesses for non-compliance in Monrovia.

A release from the Ministry issued Wednesday, July, 10, 2019, said the affected businesses were shut down for misconducts, including struggling and failure to observe patent rights.

The release named some of the affected businesses as PC and Sons, and Stop and Shop among others.

Deputy Commerce Minister for Trade Services, Nyema Wisner, said the affected businesses failed to yield to an earlier communication from the Ministry Inspectorate Division to respect the patent rights of other business entities.

At the same time, a scheduled meeting is expected to shortly take place between the Commerce Ministry and importers of spirits and wine.

Meanwhile, Commerce Minister Wilson Tarpeh said:” Liberia is committed to upholding the provisions of the World Trade Organization (WTO).”

Minister Tarpeh disclosed that Liberia is in the process of ratifying the Trade Facilitation Agreement (TFA), which will set forth series of measures for efficiently moving goods across borders.

The Commerce Minister spoke recently in Geneva, Switzerland, during the Second Forum on WTO Accessions: Technical Assistance and Capacity Building for Economic Transformation and Sustainable Peace Building.
A Commerce Ministry release quotes Minister Tarpeh as saying that a manifestation of Liberia’s commitment to effective and value added trade, constructive steps have been taken by the Government of Liberia.

Minister Tarpeh outlined some of the actions as reforming the regime by reducing the time needed for import, in line with efforts to reduce final cost to the consumer.

 


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