Liberia Trade

Subchapters:

  • Business Relationships
  • Foreign direct investment
  • FTAs ​​and Treaties
  • Development Cooperation
  • Prospective fields of study (MOP)

Business relations

Trade relations with the EU

Liberia’s economy is market-based and heavily dependent on natural resources, foreign aid and foreign direct investment. Liberia’s main export destinations in 2021 were Europe (mainly Switzerland, which buys gold), followed by Asia (mainly China) and Africa (mainly Liberia’s neighboring countries).

  • Allcountrylist: Overview of major industries in Liberia, including mining, construction, transportation, tourism, and foreign trade.
2017 2018 2019 2020 2021
Exports from the EU (million EUR) 600.8 676.1 789.2 889.2 1,130.50
Imports into the EU (million EUR) 553.4 371.6 621.2 459.6 749.9
Balance with the EU (million EUR) -47.4 -304.5 -168 -429.6 -380.6

Source: European Commission

Trade relations with the Czech Republic

The trade relationship with the Czech Republic is minimal.

2017 2018 2019 2020 2021
Exports from the Czech Republic (billion CZK) 0.4 0 0 0 ON
Imports to the Czech Republic (billion CZK) 0 0.2 0.6 0.2 ON
Balance with the Czech Republic (billion CZK) -0.4 0.2 0.6 0.2 ON

Source: CZSO

Trade relations with countries outside the EU

ON

2017 2018 2019 2020 2021
Exports from countries outside the EU (million EUR) ON ON ON ON ON
Imports to countries outside the EU (million EUR) 294.8 513.3 172.5 389.7 218.3
Balance with non-EU countries (million EUR) ON ON ON ON ON

Source: EIU, Eurostat

Foreign direct investment

ON

FTAs and treaties

Treaties with the EU

Liberia has bilateral investment agreements and tax treaties with the following countries: BLEU (Belgium-Luxembourg Economic Union), France, Germany and Switzerland. It also has the following Investment Provisions Agreements (TIPs): Liberia-US Trade and Investment Framework Agreement (TIFA); Economic Community of West African States (ECOWAS) Investment Supplementary Act; ECOWAS Energy Protocol; Cotonou Agreement; Revised ECOWAS Treaty; the African Union (AU) Treaty and the ECOWAS Protocol on the Movement of Persons, Right of Residence and Establishment. In March 2018, Liberia signed an agreement to establish the African Continental Free Trade Area and an associated protocol on the free movement of persons.

Contracts with the Czech Republic

Treaties with the Czech Republic The relationship between the Czech Republic and Liberia is not governed by any bilateral treaties.

Developmental cooperation

The Czech Republic is not implementing any development project in the country.

Prospective fields of study (MOP)

Mining industry – the country is dependent on the mining of minerals

Agriculture

Practical telephone numbers (emergency services, police, firemen, information lines, etc.)

country code: +231

Police: 911

Fire Department: 911

Emergency services: 911

Important web links and contacts

Government official Website – www.emansion.gov.lr

Liberia National Investment Commission – www.investliberia.gov.lr

Forestry Development Authority (FDA) – www.fda.gov.lr

Land Commission – www.lla.gov.lr

National Disaster Management Agency – www.ndmaliberia.org

Ministry of Justice – www.moj.gov.lr

Liberia Electricity Corporation – www.lecliberia.com

Ministry of Commerce and Industry – www.moci.gov.lr

Liberian Corporate Registry – https://www.liscr.com/liberian-corporate-registry

National Social Security & Welfare Corporation – Liberia – www.nasscorp.org.lrEnvironment

Protection Agency – www.epa.gov.lr

The Liberia Chamber of Commerce – www.liberiachamber.org

The Liberian Social Enterprise Special Economic Zone (SESEZ) – www.sesezliberia.org

Liberia Trade