LRA’s Boss Dorbor Jallah hails The Partnership As A Pivotal Moment For Industrialization, Trade Facilitation & Sustainable Economic Growth
The Liberia Special Economic Zones Authority (LSEZA) and the Liberia Revenue Authority (LRA) have signed a landmark Memorandum of Understanding (MOU) aimed at positioning Liberia as a prime destination for investment and trade.
The historic signing ceremony took place on Tuesday, September 30, at the LRA’s headquarters in ELWA Junction, Paynesville, Liberia.
Under the agreement, both institutions will collaborate to establish performance-based tax incentives tied to measurable outcomes such as job creation, infrastructure development, investment in green energy and technologies, and export growth.
The MOU further provides a framework for joint monitoring and evaluation of performance metrics across all designated Special Economic Zones (SEZs) within a defined period.
Speaking at the signing ceremony, LSEZA Executive Chairman Prince Wreh described the MOU as a monumental milestone that sets the Authority on an irreversible path toward establishing a one-stop center for trade and investment.
“This agreement will help remove existing bottlenecks and enhance Liberia’s competitiveness on the global market,” EC Wreh noted. “It will also attract more investment and trade opportunities through targeted tax incentives.”
Meanwhile, LRA Commissioner General James Dorbor Jallah has hailed the partnership as a pivotal moment for industrialization, trade facilitation, and sustainable economic growth through SEZs.
“The LRA remains committed to supporting LSEZA’s vision by ensuring best practices and fostering development across Liberia,” CG Jallah emphasized.
This collaboration underscores the shared commitment of both institutions to drive economic transformation, promote private sector growth, and create a conducive environment for investors in Liberia.