The Burkina Faso government has introduced new import quotas to prioritise and protect local industries. This decision, announced after the weekly Council of Ministers meeting, aims to strengthen the country’s self-reliance in production.
The decree limits the importation of products already being manufactured or produced in Burkina Faso. According to Serge Poda, the Minister of Industry, Trade, and Handicrafts, this move aligns with President Ibrahim Traoré’s vision of boosting national production and encouraging the processing of local raw materials.
“Through the adoption of this decree, which establishes quotas for imported products that are also manufactured nationally, it is a question of establishing a framework of significant support for national production through the establishment of outlets for products manufactured nationally,” Poda said.
The government believes these quotas will help local businesses thrive by reducing competition from imported goods, thereby fostering the growth of domestic industries.
Read More:
- INEC Now An Arm Of APC, Turning Democracy Into A Mere Circus – Imo LP Governorship Candidate
- Tinubu’s Govt Preoccupied with Stifling Dissent, Imposing Death Sentences on Protesters — Atiku
About The Author
