By President Joseph Boakai has signed Executive Order No. 135, extending the provisions of Executive Order No. 119 to further boost Liberia’s economic growth. The new directive aims to solidify recent economic gains and promote local industries by creating a more competitive environment for domestic businesses.
Executive Order No. 135 introduces surcharges on certain imported goods and raw materials to protect local manufacturers from international competition. This measure seeks to level the playing field and ensure that local industries can thrive without being undermined by cheaper imports.
The Ministry of Finance and Development Planning will publish a list of the affected products and surcharge rates to provide transparency for businesses and stakeholders. This information will help them adjust their strategies in response to the new regulations.
Overall, Executive Order No. 135 reflects President Boakai’s commitment to fostering a robust economic environment that supports local businesses and promotes sustainable growth. The order represents a proactive approach to economic management, aimed at enhancing Liberia’s industrial sector and overall prosperity.
By: Alphanso G. Kalama
