Doing Business in Liberia

The objectives of the subject “International Trade and Business in the Republic of Liberia” are the following:

1. To analyze the Liberian Economy and Global Trade;
2. To know the business opportunities in the Republic of Liberia;
3. To explore the Liberian trade relations with the country of the student;
4. To know the Liberian Trade Agreements;
5. To develop a business plan for the Liberian Market.

The Subject “Foreign Trade and Business in Liberia” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): African Business, World Trade.

Masters (MIB): Business in Africa, International Business, Foreign Trade.

Course: Business in West Africa.

Learning materials in or Libéria Liberia Liberia.

1. Credits of the subject “Foreign Trade and Business in Liberia”: 1 ;
2. Duration: one week.

Area of Knowledge: Africa.

Transport and Logistics in Liberia

1. Ports of Liberia. Freeport of Monrovia;
2. Liberian Maritime Programme;
3. Access to the Dakar-Lagos Corridor.

Liberian Preferential Access and Free Trade Agreements:

1. Liberia and the West African Economic Area;
2. Economic Community of West African States (ECOWAS)
   1. ECOWAS Regional Road Transport and Transit Facilitation Programme.
3. West African Monetary Zone (WAMZ);
4. African Continental Free-Trade Area (AfCFTA);
5. African Growth and Opportunity Act (AGOA US);
6. Trade Agreement with India;
7. Liberia-European Union:
   1. Generalized System of Preferences (GSP);
   2. Africa-European Union Strategic Partnership.
8. Mano River Union (MRU).

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
4. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
5. Customs Convention on Containers (CCC, UN);
6. TIR Convention (Road Transport, IRU);
7. International Chamber of Shipping (ICS);
8. International Maritime Organization (IMO)
   1. Convention Relating to Temporary Admission (Istanbul Convention) - not a member.

African Trade and Economic Organizations:

1. Economic Commission for Africa (ECA);
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption;
   2. African Union Development Agency (AUDA-NEPAD);
   3. Comprehensive Africa Agriculture Development Programme (CAADP).
3. African Development Bank (AfDB);
4. Africa-India Framework for Cooperation;
5. Africa-BRICS (Brazil, Russia, India, China, South Africa);
6. Africa-Turkey Partnership;
7. Africa-Asia Strategic Partnership (NAASP);
8. Africa-Korea Partnership;
9. Africa-Japan Cooperation (TICAD);
10. Africa-South America Summit (ASA);
11. Forum on China-Africa Cooperation;
12. Afro-Arab Cooperation;
13. Arab Bank for Economic Development in Africa (BADEA).

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. Commission on International Trade Law (UNCITRAL);
   4. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF).

The Republic of Liberia

1. Borders of the Republic of Liberia: Sierra Leone, Guinea, and Ivory Coast;
2. Capital of Liberia: Monrovia (29% of the Liberian population);
3. Liberian Population: 4 million people
   1. Mandinka.
4. Liberian Area: 111,369 square kilometers;
5. Liberian official language: English;
6. Liberia was founded in 1822 by U.S. African-Americans;
7. Liberian Independence: 1847 (United States).

More information about Liberia (EENI African Business Portal).

Main religions in Liberia:

1. African Traditional Religions;
2. Christianity (86%);
3. Islam (12%).

Liberia belongs to the West African Economic Area (African Civilization).

Liberian Economy:

1. Liberian GDP growth: 8.1%;
2. Agriculture, fisheries, and forestry sector represent 33% of the Liberian GDP;
3. Industrial and manufacturing sector: 25% of the GDP of Liberia;
4. Services sector in Liberia: 44% of the GDP;
5. GDP per capita growth: 4.4%;
6. Inflation in Liberia: 6.6%;
7. Top Liberian sectors are iron ore exports, construction, and services;
8. Top Liberian export products are iron, diamonds, timber, rubber, cocoa, and coffee;
9. Top Liberian export partners are China, the United States, Spain, Thailand, and Ivory Coast;
10. Foreign direct investment (FDI) in Liberia: 1.354 billion dollars;
11. Top sector attracting FDI are iron ore, forestry, rubber, and palm oil;
12. Currency of Liberia: Liberian dollar;
13. Liberia participates in the Economic Community of West African States (ECOWAS) Common External Tariff (CET);
14. The Freeport of Monrovia is the largest port in Liberia (West African Ports);
15. Liberia is the second-largest Ship registry in the World;
16. Liberia is a tax haven.

(c) EENI Global Business School (1995-2023)
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