INDUSTRIAL POLICY

The most pertinent document in the area of industrial policy is the Investment Incentives Code of Liberia. The Code enumerates the kinds of economic activities the Government wishes to encourage and the types of incentives it will offer to investors engages in those industrial activities.

According to the Code, the Government of Liberia encourages industrial enterprises which:

- Utilize to the highest possible extent, Liberian manpower at all levels and contribute to advancing their skills through training schemes (on-the-job) and otherwise;

- Utilize raw materials and products of Liberia origin to the maximum extent;

- Utilize as much as possible, ancillary activities available in the productive and service sectors of the Liberian economy;

- Contribute to making Liberia Independent of imports of basic necessities to the extent economically feasible, thus saving foreign exchange;

- Contribute to the extension and diversification of Liberia's exports; and

- Contribute to increased employment all over the Country.