Abstract

On 14 July 2016, Liberia joined the World Trade Organization (WTO) as its 163rd member. Liberia's accession negotiations were done in 804 days since the appointment of the Chief Negotiator after stalling for over 6 years and 10 months since Liberia first applied for Accession. This unprecedented efficiency was made possible by a combination of factors. First, Liberia's determination at the highest political level allowed it to conduct accession negotiations with commitment and focus, while adhering to a time-bound roadmap. Speed and efficiency of accession-related reforms were essential, as the country had endured an almost simultaneous double shock – the Ebola epidemic and a sharp drop in commodity prices. Second, WTO members appreciated this determination and were ready to move faster than usual in the negotiating process to help put the country on track with trade-related reforms, in particular those aimed at overcoming the twin shocks. Third, the WTO wished to include Liberia's accession among the deliverables for its Tenth Ministerial Conference in Nairobi, the first ministerial conference to be held in Africa. The outcome was an accession that is now commonly referred to as the Liberian Model. An accession is concluded based on rational individual choices constructed around a vision for modernizing a country and its economy. This chapter highlights Liberia's transformation and its challenges, and discusses why WTO accession continues to be essential in facilitating Liberia's economic diversification agenda.