6 May 2014

Liberia: Tariffs Suspended On Agricultural Equipment

President Ellen Johnson-Sirleaf has issued another Executive Order, this time suspending import tariffs on all types of agricultural equipment, seeds, as well as live animals for breeding.

Excerpts of the Executive Order Number 64 say tariffs on other goods directly related to agriculture development, classified under the Tariff Numbers of the Liberian Revenue Code are also suspended.

The Executive Order further noted that importers shall pay only the Customs User Fees or CUF and the ECOWAS Trade Levy or ETL, where applicable. The Order took effect as of April 25, 2014, according to the Executive Mansion in Monrovia.

This latest Executive Order comes just a week after President Sirleaf, on May 1, 2014, issued another order suspending tariffs on rice- Liberia's stipple food. Those benefitting from Executive Order Number 64 must be directly involved in the forestry and agriculture sectors. The Liberian leader indicated that the Government recognized the increasing need to stimulate activities in the agricultural sector after years of war.

The release quoted President Sirleaf as also recognizing the need to provide incentives under the economic transformation pillar of the Agenda for Transformation or AfT by encouraging private sector investment in the procurement of essential agricultural development with the view, inter alia, to become self-sufficient in food production.

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