Sat, Feb 25th, 2017 / 01:08:42 AM
Fri, Feb 24th, 2017 / 19:38:42 PM
Home > India-Liberia

India-Liberia

Embassy of India

Abidjan

****

 

India-Liberia Relations

 

Indo-Liberian bilateral trade

 

1.       The trade data during the last five years is as follows:

(In million US$)

Year

Exports

Imports

Total

%age Growth

2010-11

43.96

17.75

61.71

 

2011-12

78.78

9.09

87.87

42.39

2012-13

127.02

21.02

148.04

68.48

2013-14

253.68

26.86

280.54

89.50

2014-15

206.53

57.68

264.21

-5.82

 

2.       The overall bilateral trade has seen substantial rise in the last five years. It has remained almost stagnant in 2014-15, given the onset of Ebola. The main items of export from India are food stuff particularly cereals (rice), engineering goods, pharmaceuticals products, two wheelers, transport equipments, steel and iron, and plastic and rubber products. Imports from Liberia mainly include wood and articles of wood, metals scrap and natural rubber.

 

3.       In 2012, Liberia acceded to India’s Duty Free Tariff Preference (DFTP) Scheme for Least Developed Countries (LDCs). Under the scheme, India provided preferential market access for Liberia’s exports, covering 94% of total tariff lines.

 

Assistance to Liberia

 

4.       India gifted 15 buses to Liberia which were formally received on 11 December 2014 by the Foreign Minister, H.E. Mr. Augustine Kpehe Ngafuan in the presence President Sirleaf. India’s gift of 25 buses in 2010 became the most eloquent and visible example of India's assistance, improving daily lives of thousands of Liberians.

 

5.       India provided agricultural assistance package consisting of pesticides and sprayers to the Liberian government in 2009 to help it combat an emergency situation, caused by the caterpillar infestation. India has also announced gifting a CT scan machine JFK Medical Centre in Monrovia, Barefoot Vocational Training Centre, a Centre of Excellence in Information Technology and a Farm Science Centre to augment the medical and educational sectors in Liberia. India contributed SDR 11.15 million towards the IMF’s Financial Package for Liberia’s Debt Relief in October 2007.

 

6.       Liberia was severely affected by Ebola Virus outbreak during 2014-15. It was declared Ebola free by WHO on 9 May 2015. GOI extended bilateral assistance of over US$ 50,000 to Liberia to fight Ebola. In  addition, GOI provided cash assistance of US$ 500,000 to WHO as well as contribution of US$ 10 million to UN Fund for Ebola and additional US$ 2 million for purchase of protective gear to tackle Ebola for the three Ebola affected countries of West Africa including Liberia and Guinea. 

 

7.       In August 2014, the Indian Community in Liberia also donated assorted anti-Ebola related material worth more than US$ 200,000 to the National Task Force on Ebola. The donation was received by the Liberian President personally. This was in addition to the GOI assistance.

 

Indian Investment

 

8.       A PIO company, ArcelorMittal, started exporting iron ore from Liminco mine since July 2011. Vedanta also has presence in Liberia. There are about 150 Indian companies operating in Liberia, ranging from small trading firms to medium manufacturing enterprises. During the visit of President Sirleaf to India, JSPL signed an MoU to build 175 MW Power Plant in Liberia, which is yet to take off.

 

Line of Credit

 

9.       A Line of Credit (LOC) for US$ 144 million for a power transmission and distribution project was signed during the State Visit of President of Liberia to India in September 2013. Exim Bank has signed the final agreement on this the first LOC to Liberia, after it was ratified by Liberian National Assembly in October 2014.

 

******

 

 

Page Last Updated on: 17/02/2017 Visitors: