Special Awards In Pictures

-Signs MOU With LIBA; Assures Improved Business Climate
The Ministry of Commerce and Industry has committed itself to contributing to Liberia’s agenda for transformation by engaging with numerous stakeholders in pursuing the objectives of a strategic plan that contributes to the country`s socio-economic development.

To ensure this happened, in April 2013, the ministry decided on the rebranding commerce’ strategy as tool to serve Liberia with a commitment to developing good policies for trade, support to revitalizing the economy and opening the private sector to create work opportunities for citizens.
Addressing a news conference Tuesday in Monrovia, the Minister of Commerce and Industry, Axel Addy said the ministry remained ever committed to further transform the private sector by ensuring a higher level of transparency and predictability in the business climate.
According to the minister, the ministry has embarked on concluding an extensive seven-year process to join the World Trade Organization where Liberia made a commitment to complete several key reform projects that will further transform the fabric of the business climate.
“When taxpayers can pay their taxes using mobile money, and tourists can arrive at our airport and receive a visa on arrival; when these and other goals are achieved then we will know we are on the right path to be a more attractive and competitive environment for investors,” he said.
The minister added that in pursuit of the implementation of industrial policy for job creation for people through the promotion of manufacturing, the ministry commenced work on the Monrovia Industrial Park last year to bring online new factories to encourage local production and import substitution while putting forth new legislation on the establishment of a Special Economic Zone Authority.
Minister Addy explained that the Special Economic Zone Authority would replace the Free Zone Authority, thereby promoting production for domestic and foreign consumption as a means of diversifying export basket from the traditional products to more value-added commodities and earn much-needed foreign exchange.
He mentioned that in order to ensure transformation, the ministry has signed six regulations to control various sectors of the economy and to as well protect consumer rights.
Minister Addy narrated that the administrative regulation on the enforcement of the investment code of 2010 seeks to put into place guidelines and check by the ministry to ensure the investment code will be properly enforced, particularly in the monitoring and enforcement of the schedules of businesses set aside for Liberians.
“The ministry signed the administrative regulation on packaged drinking water, which regulates the commercialization and standards of packaged drinking water to safeguard the public. This process commenced over a year ago and through a series of stakeholders meetings, technical and legal reviews we have to conclude this regulation.”
He also indicated that the administrative regulation on gas stations sets procedures and standards to construct gas stations and calibrate gas pumps to protect consumers,” he further explained.
Minister Addy added that the Monrovia Industrial Park`s regulation provides the legal framework for the organization and regulation of activities within the park to create MIP inter-agency board, with this regulation, the industrial park can now be adequately developed, something that could lead to increase in job opportunities for Liberia, particularly in the manufacturing sector are amongst many regulations put into place by the Ministry of Commerce and Industry.
Meanwhile, the Ministry of Commerce and Industry has signed a memorandum of understanding with the Liberia Business Association to strengthen cooperation in the promotion of the SBA Law and enforcement of the Investment Code Law and new regulation.

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