16 July 2012

Liberia: Embassy in U.S. to Commence Trade Mission to Liberia

The Trade and Investment Office (TIO), Embassy of the Republic of Liberia in the United States has organized a Trade Mission to Liberia commencing August 4th through August 17th, 2012. The Government of Liberia is seeking to increase private direct investments in the country.

The current trade mission is a business-friendly initiative created to provide participating firms and individuals an opportunity to survey our economy and identify ownership of enterprises to spur private investment and participation in Liberia's reconstruction process.

Additionally, the goal is to design and develop strategies to expand commercial activities in Liberia by increasing the number of small and mid-sized enterprises, grow the volume of imports and exports, and create jobs to boost the governments Poverty Reduction Strategy (PRS). All of these initiatives are structured to move the country toward rapid and sustainable development over the next decade.

While in Liberia, participants will visit plantations, fisheries, and other agro industries in the country. The delegation will also travel to nearby counties which include Grand Cape Mount, Bomi, Margibi, Bong and Grand Bassa. Superintendents from counties that are not within a day's drive have been invited to Monrovia in order to discuss potential business ventures within their regions.

The delegation will establish contacts and hold several meetings with business entities and high-level government officials to include, among others, the Speaker of the House of Representatives, Honorable Alex Tyler. The Trade Representative, who is head of the Trade and Investment Office in Philadelphia, is accompanying the delegation to Liberia on behalf of the Embassy.

The Trade and Investment Office has a mandate to coordinate trade affairs and stimulate investments for Liberia within the United States, a country critical to the growth of our economy.The impending trade mission was organized to provide an impetus to the general objective of the Trade Office in driving investments to Liberia. Additionally, since the beginning of its operation in 2009, the TIO has implemented a robust strategy to boost investments in Liberia by developing sustained working relationships and fostering strong partnerships with several national and multilateral agencies.

These consist of the Overseas Private Investment Corporation (OPIC), the International Finance Corporation (IFC), the United States Agency for International Development (USAID), the United States Department of Commerce (USDC), the Pan African Capital Group, LLC, Eco-Power Liberia and BIVAC, among others.

Over the years, and in collaboration with its partners, the Office has organized investment symposiums which have included the Business Forum for Liberia held in Philadelphia, PA. This event attracted several business executives and entrepreneurs to the city to promote culture and tourism, along with commerce and trade in Liberia's emerging economy.

Deliberations at these business conferences addressed strategic initiatives instituted by the Government of Liberia to develop a vibrant private sector, whereby small and mid-sized entities would operate as the driving force to create jobs and expand economic activities. Successes have included for example, meetings and video conferences of the world-wide Hilton Board of Directors in an effort to bring their internationally recognized hotel chain to Liberia.

At the conclusion of this Trade Mission to Liberia, the TIO will collaborate with its many partners to facilitate the travel of Liberian entrepreneurs to the United States. This endeavor will enable Liberian business leaders the opportunity to also survey the U.S. market.

Meanwhile, the Embassy of Liberia, on behalf of the Trade and Investment Office, would like to express thanks and appreciation to all organizations and firms participating in this year's trade mission to Liberia. "We wish you a happy and exciting stay while visiting Liberia."

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