Liberia Trade 2

completed

Reducing trade transactions costs is a necessary step to complement Liberia's endeavor to integrate into global markets. This project will support Liberia's effort to further increase private investment in key tradable sectors and through job creation to reduce poverty. The following activities will be implemented under this project, which strengthen and expand previous trade logistics reforms: a. Complete the implementation of the new processes to simplify existing procedures - Reduce the number of steps for imports and exports; and - General cargo imports cleared through Customs, Duty Free imports, specialist procedures for commodities including Oil, Rubber etc. b. Complete the implementation of the action-plan plan to streamline and harmonize documents - Elimination of documents in the import/export process, potential documents targeted include the IPD, EPD and CRF; and - Reduction and elimination of official fees & charges for importers and exporters; c. Supporting the implementation of automation for Customs Clearance (ASYCUDA World funded by UNCTAD/AFDB) d. Continue to assist the GoL to implement a risk based inspections regime - Support the development of the Risk Management Unit; - Create profiles based on risk & assist with implementation of inspections based on risk criteria; - Support the roll-out of risk management to priority Liberian Border Posts; and - Support the roll-out of risk management methodology to regulatory agencies other than Customs. e. Assist the Liberia Revenue Authority to implement the revised Customs Code.