President Joseph N. Boakai has issued Executive Order #135 extending executive order no. 119 which institutes measures to protect and stimulate local manufacturing. Giving the order on August 12, 2024, President Boakai said that Executive Order No. 119 instituting measures to protect and stimulate local manufacturing has expired, but the need to continue to solidify the gains realized and stimulate economic growth in the Liberian economy cannot be overemphasized.
He said the government recognized the need to promote sustainable job creation by improving commerce and trade as envisage under Pillar One of the Arrest Agenda, and by protecting local businesses from unfair competition from international brands of locally manufactured goods.
The Liberian leader said in the exercise of Executive Power vested in the President by the Constitution, the President may issue Executive Orders in the Public interest, either to meet an emergency or to correct situations which cannot await the lengthy legislative process.
“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,” he said. Products included in this category include flour, biscuits, wire nail, zinc, cement, plastic wares, soap, egg, tissue, soft drink, amongst several other locally manufactured goods.
