12 December 2012

Liberia: Japan, Liberia to Sign Food Aid Agreement

The Ambassador of Japan accredited to Liberia, Naoto Nikai is expected to arrive in Liberia on a three-day official visit, press statement from the Ministry of Commerce has disclosed.

During his visit, Ambassador Nikai is expected to sign a separate exchange of notes for additional food aid and power plants with the Liberian government.

According to the statement, Ambassador Nikai's visit is aimed at strengthening the bilateral ties already existing between the two countries.

The statement recalled that the Japanese and the Liberian governments in March 2008 signed an Exchange of Note for the first consignment of Food Aid in the tone of 8,617 metric tons of rice for monetization to support social economic development projects in Liberia.

According to Commerce Ministry statement, a total of US$4 million was realized and the amount was used to finance the paddy and feed rice project being executed by the Cooperation Development Agency with the Ministry of Agriculture exercising oversight authority.

The statement also recalled that in March 2010, the governments of Liberia and Japan signed another Separate Exchange of Notes for additional consignment of rice in the tone of 19,101 metric tons which the Commerce Ministry says is still being monetized.

The Ministry notes that part of that agreement also included mixed petroleum products of 12,404 MT valued at US$25 million and that the proceeds will be used to support Liberia's Social Economic Development.

Additionally, the two governments in November 2011, signed Exchange of Notes for the third round of Food Aid in the tone of 10,015 MT to further support Liberia's Social Economic Development.

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