focus africa
Focus : Africa
Helping Indian companies do business with Africa
INDIA
INDIA
Africa
AFRICA
INDIA : India’s Trade with the African Region notched US$ 38.96 Billion in the year 2009-10 (DGCI&S provisional figures) constituting 8.37% share in India’s total trade. Trade with the region has grown at a CAGR of 18.10% from US$ 4.48 Billion in 1996-97.
AFRICA : 54 Countries, 1 billion people, US$ 1.01 Billion of trade. Imports worth US$ 468 billion include Mineral Fuels, Oils, Machinery, Vehicles including Boats, Ships, Aircrafts, Electronics & Electricals, Iron & Steel & Articles thereof, Cereals, Plastics, Pharmaceuticals, etc.

Top 20 product groups imported by select African countries ............. [More].
Country at a Glance
Liberia

Region
WESTREN AFRICA

Country
REPUBLIC OF LIBERIA

Country Head
President ELLEN JOHNSON SIRLEAF

Capital
MONROVIA

Population
3.49Mn (UN 2008)

GDP(PPP)
$1.52 billion (2008 est.)

GDP Per Capita
$500 PER CAPITA (2008)

Main Language
English

 

Liberia

Liberia is situated at the Western Africa with a total area of 111,369 sq miles. The Land area stretches to nearly 96,320sq km and the water area stretch to nearly 15,049sq km. The capital city is MONROVIA which has a population of about 1,010,970 and other major cities are GANTA, BUCHANAN, GBARANGA, KAKATA and VOINJAMA. Liberia is divided into 15 counties which are divided into districts and further into clans. The fifteen counties are Bomi, Bong, Gbarpolu, Grand Bassa, Grand Cape Mount, Grand Gedeh, Grand Kru, Lofa, Margibi, Maryland, Montserrado, Nimba, River Cess, River Gee and Sinoe. 

Liberia is a low income group country, the civil war and the government mismanagement has destroyed much of Liberia's economy, especially the infrastructure in and around the capital, Monrovia. Many businesses fled from the country taking their capital and expertise with them. But since the conclusion of the war and a democratic government being installed in 2006 some businesses have returned. Liberia is richly endowed with water, mineral resources, forests, and a climate favorable for agriculture, Liberia had been a producer and exporter of basic products - primarily raw timber and rubber.

President JOHNSON SIRLEAF is a Harvard-trained banker and administrator and has taken many steps to reduce the corruption in the state and build support from international donors and also encourage private investment. Total exports of Liberia stands at USD 184.1Million for the year 2007 (of which rubber $170.9 million). Major markets are Germany, Poland, U.S. and Greece. Imports--$498.7 million (petroleum $125 million; rice $65.3 million).

At present, revenue of Liberia comes primarily from exports of rubber and from its maritime registry program. Liberia has the second-largest maritime registry in the world. There are about 2,724 vessels totaling 83.3 million gross tons registered under its flag, earning some $16 million in maritime revenue in Liberian FY 2007/2008 (July 1-June 30). There is an increasing interest in the possibility of commercially exploitable offshore crude oil deposits along Liberia's Atlantic Coast.

Sector Profiles/Investment Opportunities Detail

SECTOR PROFILES

Liberia is a fragile state undergoing a post conflict transformation with the assistance of the international community, which has deployed peacekeepers and police personnel to support the stability of the country’s political and security situation. Due to the several wars that have induced various impediments, including that of a collapsing infrastructure, the degraded institutional capacity and loss of experienced and skilled manpower the economy in Liberia was not so strong.. .............Read More

 

INVESTMENT OPPORTUNITIES

There is an increasing requirement of quality financial services in Liberia. A strong financial system serves as the basis for growing much of the domestically driven economy and also providing a bridge for foreign investors to enter the country. At present, the largest growth sectors of the financial service industry include commercial banking, investment banking, leasing, and insurance. ..........Read More

 

 

 

Tariffs

 

For Reference

Tariff Profiles 2009, WTO

Apex Bodies

Ministry of Commerce and Industry

 

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