President Ellen Johnson Sirleaf has issued Executive Order No. 74 developing the Liberia National Trade Policy (LNTP).
The LNTP is intended to use trade as an engine of inclusive growth and a vehicle to reduce poverty, especially among women, children, and the most vulnerable communities, according to an Executive Mansion release.
It said Liberia, which has experienced a devastating civil war coupled with a debilitating Ebola virus outbreak that have destroyed large parts of its economy, wishes to be reintegrated into the international economy and trading systems, while being sensitive to the interests of the domestic private sector.
As such, Executive Order No. 74, signed by President Sirleaf on December 10, directs that Liberia, in order to systematically implement the LNTP, has developed the Post Accession Plan (LPAP) 2016-2017 as a short to medium term approach.
Liberia is in the process of acceding to the World Trade Organization (WTO) and has made commitments relating to WTO Membership that will be implemented in the LPAP, the release said.
The Ministry of Commerce and Industry will coordinate the implementation process whilst ministries and agencies with trade-related mandates are responsible to implement in their respective sectors.
Likewise, ministries, including Agriculture, Health, Finance and Development Planning, Public Works, Labor, Justice, Lands, Mines and Energy, and Information, Culture and Tourism; and agencies like the Liberia Revenue Authority, National Port Authority, Central Bank of Liberia, National Investment Commission, Environmental Protection Agency, and the National Bureau of Concessions as well as private institutions mentioned in the LPAP form an integral part of this Executive Order, to timely and fully implement the activities described therein.
Under Liberian law, an Executive Order has a one-year lifespan.