Liberia becomes the 138th Contracting Party to the Harmonized System Convention

26 June 2010

Liberia becomes the 138th Contracting Party to the Harmonized System Convention

Brussels, 26 June 2010

Press Release

On 26 June 2010, the Republic of Liberia deposited with the Secretary General of the World Customs Organization (WCO) its instrument of accession to the International Convention on the Harmonized Commodity Description and Coding System (Harmonized System).

Considering that more than 98% of international merchandise trade is classified in terms of the Harmonized System, the WCO is pleased to welcome Liberia as the 138th Contracting Party to the Harmonized System Convention and looks forward to Liberia’s active participation with respect to Harmonized System matters.

Liberia has been a Member of the WCO since 7 January 1975. It is a country on the west coast of Africa bordered by Sierra Leone, Guinea, Côte d'Ivoire, and the Atlantic Ocean. Liberia’s principal export commodities are rubber, timber, iron, diamonds, cocoa and coffee. The country’s principal import commodities are fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs.

The Harmonized System Convention will enter into force in Liberia on 1 January 2012, unless Liberia decides to specify an earlier date.