Monrovia – President George Manneh Weah has approved a new schedule which aims at reducing tariffs on a variety of commodities being imported into the Liberian market.
The document was submitted to the President by the Liberia Revenue Authority Commissioner General Elfreida Tamba in keeping with the president’s 72 hours ultimatum to reduce tariff on some commodities being imported in the country.
According to a Ministry of Information release, those commodities affected in the reduction of tariff include pig feet 81%, chicken feet 63%, vegetable oil 41%, used cloth 41%, among others.
The release also added that President Weah has mandated the Ministry of Commerce and Industry to immediately proceed with the implementation of the reduction in the prices of the affected commodities to bring relief to the poor masses.
President Weah also warned that any business entity caught engaging in price hike or profiteering in the wake of the tariff reduction will bear the full consequences or weigh of the law.
Meanwhile, the government of Liberia the new tariff regime approved by the president will meet all requirements of the law including the ECOWAS Common External Tariff which was passed into law on December 14, 2017.
Recently President Weah issued a 72-hour ultimatum to the Liberia Revenue Authority to reduce high tariff on some commodities imported in the country.
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