Liberia became a WTO member on July 14, 2016. On 14 December 2020, the country also deposited the instrument of ratification of the International Convention on the Simplification and Harmonization of Customs Procedures (Revised Kyoto Convention – RKC, a WCO legal instrument aimed at harmonising customs practices and procedures around the world, by improving the effectiveness and efficiency of customs administrations through a series of legal provisions detailing the application of modern and efficient customs procedures).