RESTRICTED  
  
WT/ACC/LBR/13  
 
28 November 2014  
(14-6924)  Page: 1/4  
 Working Party on the Accession of Liberia  Original: English  
 
 
ACCESSION OF LIBERIA 
LEGISLATIVE ACTION PLAN 
 
The following submission, dated 30 October 2014, is being circulated at the request of the 
Delegation of the Republic of Liberia.  
 
   
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  WT/ACC/LBR/13  
 
- 2 - PART I – PENDING BILLS/DRAFTS/REGULATIONS 
Subject Legislation/Regulation Competent 
Authority  Expected date of 
adoption/enactment Status Expected date of 
implementation Translation/Copy 
submitted to 
Working Party 
Economic Policies 
Monetary and fiscal policy  Competition Law 
 Ministry of Commerce 
& Industry Legislative seating of 
2015 Draft completed 
awaiting submission for enactment into law July 2015 WT/ACC/LBR/10 
 
Policies Affecting Trade in Goods  
Horizontal Foreign Trade Law Ministry of Commerce 
& Industry Legislative seating of 
2015 Being drafted July 2015 WT/ACC/LBR/10  
 
Horizontal Customs Co de Liberia Revenue 
Authority (LRA) Legislative seating of 
2015 At the Legislature 
for enactment July 2015 WT/ACC/LBR/10 
 
Pre-shipment (Revision) Inspection fees Liberia Revenue 
Authority (LRA) July 2015 Awaiting inspection 
company Agreement expiry July 2015  
Trade-related 
investment measures Special Economic Zones Act Ministry of Commerce Legislative seating of 
2015 Draft completed  July 2015  
Trade-related 
Intellectual Property Regime An Act to Repeal An Act 
Adopting a New Copyright Law of the Republic of Liberia Approved 23 July 1997; and the Industrial Property Act of Liberia Approved 20 March 2003 constituting Title 24 of the Liberian Code of Law Revised, and to enact in their stead a new Title 24 to be known as the Liberia Intellectual Property Act, 2014.  Ministry of Commerce 
& Industry Legislative seating of 
2015 At the National 
Legislature for enactment July 2015 WT/ACC/LBR/12 
 
Tax on International Trade Common external Tariffs 
(CET) Liberia Revenue 
Authority Legislative seating of 
2015 Being Drafted July 2015  
Taxes on goods and 
services Value added taxes (VAT) Ministry of Finance/ 
Liberia Revenue Authority Legislative seating of 
2015 Being Drafted 2015  
SPS SPS Enquiry Point Ministry of Agriculture Legislative seating of 
2015 Being drafted July 2015  
Animal Health Liberi a National Livestock 
Policy and Veterinary and Animal Law Ministry of Agriculture Legislative seating of 
2015 Being Drafted July 2015  
Fishery Liberia National Fishery Act Minist ry of Agriculture Legislative seating of 
2015 Being Drafted July 2015  
 Agro-Chemical 
environmental Act Environmental 
Protection Agency Legislative seating of 
2015 Being drafted July 2015  
TBT & SPS Act to create the Liberian 
National Standards Authority   Ministry of Commerce 
& Industry Legislative seating of 
2015 Being drafted July 2015   
  WT/ACC/LBR/13  
 
- 3 - Subject Legislation/Regulation Competent 
Authority  Expected date of 
adoption/enactment Status Expected date of 
implementation Translation/Copy 
submitted to 
Working Party 
Policies Affecting Trade in Services  
Telecommunication 
 Telecommunications, 
licensing and authorization regulations Liberia 
Telecommunications Authority February 2015 Drafted, awaiting 
Board of Commissioners’ approval  March 2015  
ECOWAS Supplementary Act  Liberia 
Telecommunication Authority Legislative seating of 
2015 Drafted, pending 
Executive Mansion submission to the Legislature for enactment July 2015  
 
PART II – COMPLETED LEGISLATION/REGULATIONS 
Subject Legislation/Regulation Competent 
Authority Date of 
adoption/enactment Status Date of 
implementation Translation/Copy 
submitted to 
Working Party 
Monetary and fiscal policy Financial Institution Act 
 Central Bank 
of Liberia 18 March 1999 In force 30 April 1999  
WT/ACC/LBR/5 
 
Act Creating the Central Bank of 
Liberia 
 Central Bank 
of Liberia 18 March 1999 In force 20 October 1999 WT/ACC/LBR/5 
 
Revenue Code of 2000 Ministry of 
Finance 15 December 2000 In force (except the 
amended/repealed portions which are 
now captured in the 
Consolidated Tax Amendment, right below) August 2002 WT/ACC/LBR/5 
 
Consolidated Tax Amendment of the Revenue Code of 2000 Ministry of 
Finance 14 September 2009 In force November 2011 WT/ACC/LBR/5 
 
Regulation No.CBL/RSD/004/2013Concerning 
AML/CFT Regulations for Financial 
Institutions in Liberia Central Bank 
of Liberia 29 July 2013 In force 29 July 2013  
Commercial  Investment Act of 2010 National 
Investment Commission and The Ministry of Commerce & Industry 5 May 2010 In force 19 July 2010 WT/ACC/LBR/5 
 
General Business Law; Chapter 1- Weights and Measures 
 Ministry of 
Commerce & Industry 27 June 1973 In force 8 September 1978  
General Business Law: Chapter 2- 
Monopolies and Restraint of Trade 
 Ministry of 
Commerce & Industry 27 June 1973 In force 8 September 1978   
  WT/ACC/LBR/13  
 
- 4 - Subject Legislation/Regulation Competent 
Authority Date of 
adoption/enactment Status Date of 
implementation Translation/Copy 
submitted to 
Working Party 
General Business: Chapter 4- Law 
Business Registration 
 Ministry of 
Commerce & Industry 27 June 1973 In force 8 September 1978  
An Act Amending the General 
Business Law, Title 14 of the Liberia Code of Law Revised by adding thereto Chapter 13 to facilitate the use of Electronic Transaction for Commercial and other purposes Ministry of 
Foreign Affairs 8 January 2001 In force 19 June 2002  
Associations Law Ministry Of 
Foreign Affairs 19 May 1976 In force 3 January 1977 WT/ACC/LBR/5 
 
Commercial Code Central Bank 
of Liberia 29 September 2010 In force 7 October 2010  
Professional Services Medicines and Health Products 
Regulatory Authority Act (LMHRA) LMHRA 29 September 2010 In force 30 September 
2010  
Liberia Institute of  Certified Public 
Accountant (LICPA) Act LICPA 5 April 2011 In force 3 June 2011  
Liberia Certified Public Accountant  
Regulation No. 2 LICPA  In force   
New Judiciary Law: Section 17 Judiciary 10 May 1972 In force 20 June 1972  
The Act Creating the Ministry of 
Public Works Chapter 27 of the Executive Law Ministry of 
Public Works 11 May 1972 In force 9 June 1972  
Intellectual Property   Copyright Act Liberia 
Copyright Office 23 July 1997 In force   
Industrial Property Act Industrial 
Property Office 26 November 2002 In force 30 April 2003  
Telecommunication Liberia Telecommunication 
Authority (LTA) Act LTA 2007 In force 2007  
Licensing and Authorization 
Regulation (Regulation 0001) LTA 10 April 2008 In force 10 April 2008  
Agriculture Agriculture Law Ministry of 
Agriculture 23 March 1966 In force   
General Business Law: 
Chapter 9- Control of Crop Exportation Ministry of 
Commerce 27 June 1973 In force  8 September 1978  
 
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