President Ellen Johnson-Sirleaf has submitted for enactment two bills meant to enhance the country’s economy.
The bills in question are the Competition and Foreign Trade bills.
The President’s letter accompanying the bills, dated December 10, 2015, was read yesterday, January 12, during the first sitting of the 5th Session of the House of Representatives. It will thereafter be turned over to three committees – Judiciary, Foreign Affairs and Commerce – to peruse and advise plenary within two weeks.
According to the President’s letter the Competition Law will maintain and encourage an active and efficient free market economy for the promotion and facilitation of Liberia’s economic growth and development.
The President further said the passage of the Foreign Trade Law will enhance Liberia’s commitment in achieving and creating a vibrant trade market, create jobs and promote self-employment for Liberians.
“These laws will help fulfill Liberia’s obligations as we accede to the World Trade Organization,” the President said.