Monrovia, Liberia – President Joseph N. Boakai has issued Executive Order #135 extending executive order no. 119 instituting measures to protect and stimulate local manufacturing.
President Boakai issued the executive order on August 12, 2024. He stated that although Executive Order No. 119, which established measures to safeguard and promote local manufacturing, has expired, it is still imperative to continue reinforcing the gains made and promoting economic growth in the Liberian economy.
He claimed that the government recognized the need to support the creation of long-term jobs by enhancing trade and commerce as outlined in Pillar 1 of the Arrest Agenda and shielding regional companies from unfair competition from global brands that produce goods that are made locally.
The Liberian leader stated that the President may issue Executive Orders in the Public Interest while using the Executive Power granted to him by the Constitution, either to address an emergency or to address circumstances that cannot wait for the drawn-out legislative procedure.
“The Government of Liberia hereby issue this Executive Order imposing a local industry development surcharge on the importation of certain goods and/or raw materials that are imported in such quantity and manner that may injure or undermine the survival of local manufacturers.”
Photo credit: Executive Mansion
