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

Burkina Faso Government Introduces Import Quotas to Boost Local Production

489
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

NewsWorld

U.S. Deports Eight Prisoners to South Sudan as Pressure Mounts on West African Nations

The United States has deported a group of convicted foreign nationals to...

Human RightsNews

Nigerians Calls for Minister’s Intervention as UNICAL Sends Over 300 Dental Students Home Over Admission-Scandal

Reactions and calls for intervention has flooded social media as the University...

NewsWorld

Intra-African Flights Remain Among the Most Expensive Globally, Frustrating Travellers and Hindering Trade

Travellers across Africa continue to face soaring ticket prices when flying between...

Bauchi Bridge
NewsPolitics

Nigeria: Bauchi Governor Accuses Tinubu-Led FG of Withholding Support from Opposition States

Governor Bala Mohammed of Bauchi State has criticised the Federal Government of...