Home News Burkina Faso Government Introduces Import Quotas to Boost Local Production
News

Burkina Faso Government Introduces Import Quotas to Boost Local Production

768
Burkina Faso Destabilise Government
source: X

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:

About The Author

Related Articles

NewsSecurityWorld

Benin and Niger Relations Deteriorate Further as Diplomatic Expulsions Escalate

Diplomatic relations between Benin and Niger have sharply deteriorated following a series...

NewsSports

Nigerian Air Force Confirms Crash of CH-4 Combat Drone in Niger State

The Nigerian Air Force has confirmed that one of its CH-4 combat...

NewsSports

Mali Survive Shootout Against Tunisia, Set Up Senegal Showdown

Mali advanced to the quarter-finals of the Africa Cup of Nations after...

FinanceNews

Nigerian Banks Shut Down 229 Branches as Cost Pressures and Digital Shift Deepen

Nigeria’s banking sector has witnessed a significant contraction, with commercial banks shutting...