Trade Multilateralism in the Twenty-First Century Book contents
- Frontmatter
- Contents
- List of Plates
- List of Figures
- Notes on Contributors
- Foreword
- Acknowledgements
- List of Abbreviations
- Disclaimer
- 1 Making Trade Multilateralism Work for All: The Role of WTO Accessions
- PART I WTO Accessions and the New Trade Multilateralism
- PART II Negotiators’ Perspectives on the WTO Accession Process
- 9 Accession of Liberia: An Agenda for Transformation
- 10 Afghanistan's Accession: Challenged by Conflict
- 11 The WTO Accession of Seychelles: Lessons from a Small Island Economy
- 12 WTO Accession Negotiations from a Negotiator's Perspective
- PART III Accessions Acquis: Thematic Perspectives and Implementation Challenges
- Contributor Biographies
- Index
- References
9 - Accession of Liberia: An Agenda for Transformation
from PART II - Negotiators’ Perspectives on the WTO Accession Process
Published online by Cambridge University Press: 28 November 2017
- Frontmatter
- Contents
- List of Plates
- List of Figures
- Notes on Contributors
- Foreword
- Acknowledgements
- List of Abbreviations
- Disclaimer
- 1 Making Trade Multilateralism Work for All: The Role of WTO Accessions
- PART I WTO Accessions and the New Trade Multilateralism
- PART II Negotiators’ Perspectives on the WTO Accession Process
- 9 Accession of Liberia: An Agenda for Transformation
- 10 Afghanistan's Accession: Challenged by Conflict
- 11 The WTO Accession of Seychelles: Lessons from a Small Island Economy
- 12 WTO Accession Negotiations from a Negotiator's Perspective
- PART III Accessions Acquis: Thematic Perspectives and Implementation Challenges
- Contributor Biographies
- Index
- References
Summary
Abstract
On 14 July 2016, Liberia joined the World Trade Organization (WTO) as its 163rd member. Liberia's accession negotiations were done in 804 days since the appointment of the Chief Negotiator after stalling for over 6 years and 10 months since Liberia first applied for Accession. This unprecedented efficiency was made possible by a combination of factors. First, Liberia's determination at the highest political level allowed it to conduct accession negotiations with commitment and focus, while adhering to a time-bound roadmap. Speed and efficiency of accession-related reforms were essential, as the country had endured an almost simultaneous double shock – the Ebola epidemic and a sharp drop in commodity prices. Second, WTO members appreciated this determination and were ready to move faster than usual in the negotiating process to help put the country on track with trade-related reforms, in particular those aimed at overcoming the twin shocks. Third, the WTO wished to include Liberia's accession among the deliverables for its Tenth Ministerial Conference in Nairobi, the first ministerial conference to be held in Africa. The outcome was an accession that is now commonly referred to as the Liberian Model. An accession is concluded based on rational individual choices constructed around a vision for modernizing a country and its economy. This chapter highlights Liberia's transformation and its challenges, and discusses why WTO accession continues to be essential in facilitating Liberia's economic diversification agenda.
Liberia Before the Storm
The Republic of Liberia, Africa's oldest democracy, was founded in 1847. Freed slaves from the United States and the Caribbean arrived in Liberia and aspired to live in a free society where they could pursue their destiny and fulfil their potential free of the shackles of discrimination and persecution. The government and administrative systems were modelled after the United States. For over a century, Liberia experienced peace and stability until its first military coup in 1980, which resulted in a military regime that ruled the country for ten years. This regime plunged the nation into what would become a fourteen-year civil conflict, leading to complete devastation of the country and its economy. Virtually all of the pre-war infrastructure was destroyed or looted during the civil war, including roads, railways, electricity networks and power plants.
- Type
- Chapter
- Information
- Trade Multilateralism in the Twenty-First CenturyBuilding the Upper Floors of the Trading System through WTO Accessions, pp. 207 - 223Publisher: Cambridge University PressPrint publication year: 2017