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

Burkina Faso Government Introduces Import Quotas to Boost Local Production

207
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

Mali Morila Gold Mine
News

Mali To Take Control Of Morila Gold Mine From Australian Company

The Malian government is set to take control of the Morila gold...

National Assembly pass student loan bill
HealthNews

Nigeria’s National Assembly Adopts Life Imprisonment for Drug Traffickers, Offenders

The Nigerian National Assembly has amended the National Drug Law Enforcement Agency...

News

Nigeria’s Reps Reject Bill Proposing Six-Year Single Term for President, Governors, LGA Chairpersons

Nigeria’s House of Representatives rejected a bill proposing a six-year single rotational...

Senate Will Approve Use of Taxpayers' Money for Presidential Jet on Tinubu's Request — Akpabio
FinanceNews

More Debts for Nigeria as Senate Approves Tinubu’s ₦1.77 Trillion Loan Request

The Nigerian Senate has approved President Bola Tinubu’s ₦1.77 trillion ($2.2 billion)...