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

Burkina Faso Government Introduces Import Quotas to Boost Local Production

425
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

Niger Tax Incentives Dangote Cement
BusinessNews

Niger Revokes Tax Incentives for Dangote Cement and KAO Ciment Over Unfulfilled Investment Commitments

The Nigerien government has withdrawn tax and customs benefits previously granted to...

Senegal Burkina Faso Fight Terrorism
News

Senegal Pledges Full Support to Burkina Faso in Fight Against Terrorism

The Prime Minister of Senegal, Ousmane Sonko, has pledged his country’s full...

Mali Fuel Niger
News

Mali Signs Fuel Deal With Niger, Cutting Reliance On Algerian Imports

Niger and Mali have signed a series of agreements to secure a...