By Laurina B Lormia
Vice President Jeremiah Koung has expressed a strong interest in learning from India’s agricultural expertise, with the aim of transforming Liberia from a rice importing to rice producing country.
This initiative aims to leverage Liberia’s abundant agricultural resources and transition the country from dependence on food imports to a state of abundance and self-reliance.
On Wednesday August 21, 2024, at the 19th India-Africa Business Conclave, Vice President Koung highlighted the critical need to invest in local farmers by supplying capital, skills, technology, and equipment to boost local production.
According to him, the longstanding diplomatic relations between India and Liberia have been deeply engaged in international trade and commerce for over six decades adding that, a pivotal moment in this relationship came in 2012 when Liberia agreed to India’s Duty Free Tariff Preference (DFTP) Scheme for Least Developed Countries (LDCs), providing preferential market access for Liberia’s exports.
He added that, on July 10, 2024, President Boakai officially launched the National Agriculture Development Plan (NADP), a visionary six-year blueprint designed to transform Liberia’s agricultural sector and achieve self-sufficiency in food production.
“A key component of President Boakai’s vision is to create a conducive environment for trade and investment in Liberia. The Government’s ARREST agenda is critical for transforming the lives of the Liberian people. India’s accomplishments as the world’s largest exporter of rice, with an impressive export of about 16.5 million metric tons in 2024,” VP Koung stressed.
He lamented that, he remains hopeful that this Business Conclave and the planned meetings will solidify new partnerships and offer hope for the Liberian people, though India is Liberia’s main importer of rice. “Our goal in Liberia is to shift from rice importers to rice producers.
He however stated that, his presence at the Business Conclave is an affirmation of the government’s commitment to seek potential investors specifically in the agricultural sector, and to also encourage investments in other sectors which are mutually rewarding.
“It is the government’s responsibility to engage with international partners and friends on the opportunities Liberia offers for investment and trade. To achieve socio-economic development, the government must create jobs for its citizens,” he stressed.
He reaffirms the government’s commitment to this bilateral friendship and congratulated the Government and People of India for such a unique continental gathering, adding that, India continues to play meaningful roles in global politics, economics, and security, establishing itself as a key player on the world stage.
Since the African Continental Free Trade Area (AfCFTA) was established in 2021, African nations have diligently worked to boost intra-Africa trade. With a combined population of 1.4 billion, Africa represents one of the largest markets, primed to enhance international trade and investment. “The Conclave marks a significant step in strengthening trade relations between these dynamic regions,” concluded VP Koung.
