Trade Facilitation

Description

According to the World Bank Logistics Performance Index (LPI) (2012) which measures countries’ trade logistics efficiency, Liberia was ranked 119th out of 155 countries. Its overall performance was better than low income countries, but worse than Sub-Saharan Africa countries. In particular, with respect to infrastructure,international shipments,logistics competence and tracking and tracing Liberia performed better than the comparable region. Although most of Liberia’s key infrastructure was destroyed during the civil war, considerable progress has been made. Ports and airports were connected internationally beyond the region, mostly through Public-Private Partnerships (Ministry of Planning and Economic Affairs of Liberia 2012). Moreover, in order to export and import a standard container of goods, it cost USD 1,220 and USD 1,320 respectively for Liberia, which are less than the regional average of USD 2,108 and USD 2,793. The same activity also takes less time in Liberia (15 days and 28 days) than the regional average (31 days and 38 days). However, Liberian performance in customs clearance legs behind countries in the same region or with the same income level. The OECD Trade Facilitation Indicators (2013) also assessed automation and internal border agency co-operation of Liberia as its weakness. In order to ease and speed up customs clearance, the government has implemented online submission of customs forms and enhanced risk-based inspections (World Bank 2013). 

Logistics Performance Index (LPI): Country Comparison
Source: World Bank, Logistics Performance Index (LPI)

Note: World Bank, 2012

Logistics Performance Index – Evolution
Source: World Bank, Logistics Performance Index (LPI)

Note: World Bank, 2012