Monrovia — The government of Liberia is to launch its National Trade Policy (NTP) and its National Export Strategy (NES) on 29 April. The NES and NTP have been developed by Liberia's Ministry of Commerce and Industry, with the support of the International Trade Centre (ITC) and in close co-operation with other government ministries and the private sector.
The National Export Strategy and the National Trade Policy will be launched at the opening of the 2014 National Micro, Small and Medium-Sized Enterprises (MSME) Conference and Trade Fair, which be held at City Hall, Monrovia, on 29-30 April.
The preparation of the National Export Strategy is a critical step in Liberia's efforts to develop and diversify its exports. Consultations with donors are currently on-going with a view to mobilize resources for the implementation of the strategy.
Liberia's National Trade Policy is an umbrella document covering the country's main trade-related issues, including its accession to the World Trade Organization (WTO). It sets out to help create the right environment for economic development, and especially the growth and promotion of Liberia's private sector, which will provide benefits to the whole of Liberia's society.
Liberia remains the only country in the region that is not a member of the WTO and has requested ITC's continued assistance in its accession efforts - a process that started in 2007 - and to reach its goal of greater economic integration with the country's regional neighbours.
ITC Executive Director Arancha González will attend the launch of the NES and NTP, and will be a panelist at the MSME Conference alongside senior members of Liberia's government, representatives of business organizations and international donors.
ITC is the joint agency of the World Trade Organization and the United Nations. ITC assists small and medium-sized enterprises in developing and transition economies to become more competitive in global markets, thereby contributing to sustainable economic development within the frameworks of the Aid-for-Trade agenda and the Millennium Development Goals.