20 September 2012

Liberia: Trade Policy Drafted to Re-Integrate Liberia

Liberia's Commerce Minister Miata Beysolow says a trade policy for the country has been drafted following comprehensive research and consultative processes with relevant stakeholders. Minister Beysolow said the overall vision of the trade policy is to re-integrate Liberia into the international economy and trading systems while being sensitive to the interests of local producers.

She said the intent is to use trade as an engine of economic growth to reduce poverty in Liberia.

The Commerce Minister spoke Wednesday at a two-day national trade mainstream workshop organized by the Ministry of Commerce in collaboration with the Enhanced Integrated Framework (EIF), a local group in Monrovia.

She said the trade policy seeks to promote a balanced relationship between trade liberalization and sustainable development that protects women, youth and the poor, especially those in the rural areas.

Minister Beysolow told the gathering that as part of efforts to mainstream trade into Liberia's medium and long-term development strategies, government has initiated key policy efforts aimed at strengthening existing trade ties with sub-regional and international counterparts.

According to her, this would promote trade within the subregion, increase cross-border trade with neighboring African countries, support the establishment of a full West Africa Customs Union, and support the establishment of a West African Monetary Union, among others.

Minister Beysolow indicated that the policy would improve access to global markets by integrating into global system, multilateral trading agreement, especially those that promote the long term interests of Liberia as a country in transition from war to peace and economic stability.

The two-day workshop brought together more than 75 participants from the public and private sectors.

Copyright © 2012 The NEWS. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.