Liberia - Trade BarriersLiberia - Trade Barriers
The Investment Act of 2010 explicitly excludes foreigners from participating in a number of economic sectors. The Investment Act sets aside 16 business sectors or industries exclusively for Liberian citizens, and places an investment threshold to entry for non-Liberians to another 12 business sectors or industries. Non-tariff barriers include limited physical infrastructure -- roads, electricity, lack of an effective internet system, etc. -- as well as opaque administrative procedures that foster corruption and bribery. These issues, coupled with porous borders and nonexistent protection of intellectual property rights, have resulted in low trade tax collection, high levels of smuggling, and increased informal cross-border trade. Import and export permits are required for all goods shipped to and from Liberia. These irregularities sometimes constitute technical barriers to effective trade in the country.Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Liberia Trade Barriers