MONROVIA, LIBERIA-The Liberia Special Economic Zones Authority (LSEZA) is leading a two-day stakeholders’ validation session on the implementation of its draft regulations.
The regulation is aimed at safeguarding and providing a legal framework for the operations of special economic zones across the country.
LSEZA Executive Chairman, Prince Wreh, said the regulation, when adopted, will serve as a roadmap to attracting direct foreign investment and boosting economic growth.
He added that economic zones are critical to creating job opportunities and ensuring trade facilitation.
Mr. Wreh said the Liberia Special Economic Zones Authority will continue to position itself as a catalyst for economic transformation.
Meanwhile, stakeholders at the ongoing validation workshop have assured the Liberia Special Economic Zones Authority of coordinating efforts to attract the much-needed support to the authority.
Representatives from the World Bank, US Embassies, and other government entities recounted the critical role of special economic zones in boosting economic growth.
According to them, no nation can thrive in the absence of industrialization, maintaining that the special economic zones have huge potential in job creation.
The stakeholders were speaking on Wednesday in Monrovia at an ongoing two-day validation working session on the implementation of the draft regulations of the Liberia Special Economic Zones Authority.
Following the end of the ongoing engagement, stakeholders will validate the draft regulation for the effective operations of the Special Economic Zones Authority.
By: Emmanuel Kollie
