Liberia, Ivory Coast Sign Accord To Strengthen Investment, Economic Ties

(LINA) -The Government of Liberia through the National Investment Commission (NIC) has entered into an Economic Cooperation agreement with the Republic of Ivory Coast aimed at strengthening economic ties in the areas of Agriculture, Transportation and Infrastructure Development.

The agreement, which was signed between the two neighboring countries recently, brought to bear a national forum intended to exchange technical expertise to ensure improved business opportunities for the benefit of both nations.

Making remarks in Monrovia at the Business Opportunities Forum where the agreement was consummated, NIC Chairman Molewuleh B. Gray said the forum was aimed at promoting private and public businesses in the two countries.

“Today’s event marks a greater paradigm shift in our investment sector which will boost the economy, because investment is an engine of a stable economy,” the NIC boss said.

He indicated that the agreement will focus on agriculture, infrastructure development and transportation, among others.

“We are of the conviction that investors operating from the other side of the border are more likely to consider investing in Liberia, because we have been working tirelessly in attracting investors to Liberia which will help promote trade with our neighboring counterparts,” Gray stated.

He expressed the NIC’s commitment in working with relevant stakeholders in order to ensure that the initiative comes to fulfillment.

For his part, the Chairman of the General Confederation of Enterprises of Côte d’Ivoire (CGECI), Jean- Marie Ackah, indicated that his country decided to enter the agreement with Liberia because they believe that Liberia has abundance of economic potentials that can be utilized positively.

Ackah stated that taking into consideration the rich nature of the Liberian soil and that of Cote d’Ivoire the partnership will be fruitful.

According to Ackah, the agreement will help improve the business climate of the two countries through the sharing of knowledge.

“Despite the ups and down, we will always work to promote peace, social, and economic development in order to boost the investment sector in Liberia,” Ackah emphasized.

He added, “We will leave no stone unturned, we are here to meet with businesses and discuss partnerships on how to construct and rebuild areas that are lagging behind in the Liberian economy.

The CGECI is the leading employer’s organization in Côte d’ Ivoire. It federates more than 3,500 companies through 27 professional organizations and associations from all sectors of the Ivorian economy.

It is involved with agriculture, construction, energy, oil industry, agro-industry, trade, finance, and agric-food, among others.

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About Cholo Brooks 13973 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.