Liberia is a Least Developed Country located in Western South-Saharan Africa that relies heavily on foreign assistance. Liberia is richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, while iron ore and rubber have driven growth in recent years. Additionally, Liberia is also reviving its raw timber sector and has begun encouraging oil exploration.
In recent years, the country has taken steps to reduce corruption, build support from international donors and encourage private investment. The country achieved high growth during 2010-13 due to favourable world prices for its commodities. Liberia has access to unilateral preferential trade agreements under the United States’ Africa Growth Opportunities Act and the European Union’s “Everything But Arms Program”. It is a member of the Economic Community of West African States (ECOWAS) and is also an observer member at the WTO, having been an accession candidate since 2007
ITC’s work in Liberia is focused on fostering business support to the WTO Accession process as well as the design of a National Export Strategy and Management program (NES). In addition, ITC is focused on providing project development support to Liberia in developing a feasibility study under the context of the Enhanced Integrated Framework (EIF).