
MINISTRY OF TRADE AND INDUSTRY
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Mission Statement
To develop policies and programmes to stimulate
domestic and external trade, facilitate private sector development,
enhance investment and foster sustained and balanced economic growth
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MINISTRY OF TRADE AND INDUSTRY
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Minister:
Hon. Alimamy P. Koroma
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Sixth Floor,
Youyi Building,
Freetown
Telephone: +232 22 222755 / 222706
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Main Activities
Implementation of the Administrative Barriers
to Investment project aimed at streamlining investment procedures
and increasing the transparency and predictability of such
transactions, whilst reducing the cost of doing business in Sierra
Leone
Increasing Sierra Leone’s engagement with the
international community, and the multilateral trading system, and
her compliance with international law, not least through the
development of laws on Trade Related Intellectual Property Rights
Implementing Sierra Leone’s Diagnostic Trade
Integration Study under Sierra Leone’s Integrated Framework, which
aims at mainstreaming trade into the multilateral trading system
and national development plans
In collaboration with the Ministry of
Agriculture and Food Security and the World Bank, to implement a
Rural Private Sector Development Project, which aims to provide
better access to inputs and improved technologies and linking
farms to markets thereby introducing efficiencies along value
chains, with higher net benefits accruing to producers
The UNIDO Integrated Programme for the
development of Small and Medium Scale Enterprises (SMEs),
including the exporting of agro-industry products and the
establishment of production-cum-training centres
Spearheading private sector reform through
developing a Private Sector Development Strategy
Broadening domestic ownership of trade issues
and enhancing intra-Governmental cooperation by strengthening
public-private sector dialogue, in the main through empowering the
National Coordinating Committee on Trade (NCCT) and the
establishment of the Sierra Leone Business Forum. The NCCT is the
primary force through which the Economic Partnership Agreement
(EPA) process is driven
Formulating and implementing trade policies and
regulations
Capacity building and conducting research and
analysis to provide a more informed trade policy
Structure of the Ministry
The Ministry is structured as follows:
The Administrative
Division
The Industrial
Division
The Trade Division
Policy, Planning and
Research Division
The Co-operative
Department
It also supervises, through Boards of Directors,
the following: -
The Bureau of
Standards
The Sierra Leone
Export Development and Investment Corporation (SLEDIC) (soon to be
restructured into SLIEPA, the Sierra Leone Investment and Export
Promotion Agency).
In addition, the Petroleum Unit (PU), a specialized agency,
reports to this Ministry.
Objective
The Ministry of Trade and Industry strives to
promote private sector development, improve the investment climate,
and encourage the expansion and diversification of exports while
fostering domestic firms, local knowledge, and entrepreneurship.
Goals
To spearhead
meaningful legislative reform that will create an enabling
environment for increased investment, competition and growth
To enhance Sierra
Leone’s supply capacity, broaden its export base, and encourage
meaningful domestic reform aimed at increasing international trade
To mainstream trade
into Sierra Leone’s national development, promoting trade as a key
driver of growth
To promote Sierra
Leone on the international stage through interacting with
international stakeholders and by fully engaging with the
multilateral trading system
To develop a
pragmatic and progressive industrial policy
To instigate
comprehensive private sector reform
Short - Term Goals
To implement the
activities identified in the Action Matrix of Sierra Leone’s
Diagnostic Trade Integration Study
To oversee the
implementation of the Rural Private Sector Development Project
To further develop
and strengthen Sierra Leone’s Growth Centres
To broaden the export
base through increased diversification, accessing new markets and
developing new products
To oversee the
ratification of new Companies, Bankruptcy and Securities Acts
To oversee the
effective implementation of the Private Sector Development
Programme
To maintain the
momentum of the Administrative Barriers to Investment project, and
continue to streamline business start-up, tax and customs and
location procedures and the restructuring of SLEDIC
To support, promote
and develop SMEs under the UNIDO Integrated Programme
To oversee the
drafting of new legislation to protect the nation’s intellectual
property.
Medium - Term Goals
To undertake a comprehensive restructuring of
the Ministry
Formulation of comprehensive Trade Policy
Review Industrial Operations Guidance
Establish new Growth Centres
To develop a Competition policy
Develop meaningful and internationally
comparable trade statistics
To ensure increased compliance with
international standards through the strengthening of Sierra
Leone’s Standards Bureau
To increase Sierra Leone’s trade
competitiveness in the sub-region and the wider world
"Information on this page was submitted by the former Minister in
June 2007"
© DACO/SLIS
August 2008
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