Liberia moving to digitise trade information
Liberia's Minister of State for Presidential Affairs, Sylvester Grigsby says the country will not be left behind with the global changes to trade as the country is adopting technology to digitise access to trade data. In a chat with CNBC Africa on the sidelines of the inauguration of the Afreximbank African Trade Centre in Abuja, the minister notes that Liberia is actively promoting regional integration as it looks to benefit from the AfCFTA initiative.
Fri, 11 Apr 2025 11:56:04 GMT
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AI Generated Summary
- Liberia is actively promoting regional integration through participation in trade unions like the Manoroba Union and ECOWAS, and is preparing to engage with the AfCFTA initiative.
- The government is focusing on diversification and adding value to its products to enhance competitiveness in the global market.
- By digitizing trade data and fostering partnerships, Liberia aims to attract investments and boost economic growth.
Liberia's Minister of State for Presidential Affairs, Sylvester Grigsby, is optimistic about his country's future in global trade as he embraces technology to digitize trade information. In a recent interview with CNBC Africa on the sidelines of the inauguration of the Afreximbank African Trade Centre in Abuja, Minister Grigsby highlighted Liberia's commitment to regional integration and leveraging technology to benefit from the African Continental Free Trade Area (AfCFTA) initiative. With the rise of global trade complexities due to tariff wars and shifting alignments, Liberia is positioning itself to thrive by focusing on diversification and adding value to its products. The government is working towards digitizing trade data to facilitate access to vital information, ensuring that the country remains competitive in the ever-evolving global trade landscape. Through partnerships with neighboring countries, Liberia aims to enhance its trade capabilities and attract investments from local and international players. The country's proactive approach towards embracing technology and promoting regional integration sets a solid foundation for sustainable economic growth and a brighter future for Liberia's trade prospects.
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