MINISTRY OF TRADE AND INDUSTRY

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

MINISTRY OF TRADE AND INDUSTRY

Minister:

Hon. Alimamy P. Koroma

Sixth Floor,
Youyi Building,
Freetown

Telephone: +232 22 222755 / 222706

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