|
|
 |
Trade & Technology |
|
|
Burkina Faso gives industry a prime importance. Several steps have been taken for industrial development. A brief look at the industrial scenario in the country.
The Industrial sector of Burkina Faso is in a developing stage. It Contributes more than 20 percent to the GDP and is dominated mainly by agro and mining industries. |
 |
|
Main Industrial Products are
- Mining: Gold , manganese (3rd largest mining reserves in the world)
- Food Industry: Beverages, drinks, sugar etc.
- Textile Industry: Cotton fabrics
- Chemicals and byproducts: Alcohol, oxygen acetylene, pharmaceutical products, ammunition batteries, match boxes, pneumatics inner tubes, bag and clothes, electrical energy and pesticides
- Transport material: bicycles and motorcycles
- Construction Material: Corrugated sheets, cement Marble and tiles
The government is conscious that industry has a key role to play in its endeavor towards economic and social development. For this reason it constantly ameliorates its policy in this sector. Accordingly, the new code of investment and a special code for investment in mining have been implemented. Moreover, the consumer market has been divided into sub and regional Common markets such as West African Economic and Monetary Union (WAEMU) and Economic Community of West African States (ECOWAS).
Industrial investments are welcome in all the sectors, particularly at the level of small and medium scale industries.
However in accordance with the availability of the local raw material and the need of the country the priorities are as follows.
- Cotton processing and textile industries
- Fruit and vegetable processing Oilseed Processing (groundnuts, seeds, karaite nuts, Soya and cotton seeds)
- Milk processing
- Leather Processing
- Metal work industries
- Rubber and plastic industries
- Construction material industries
- Chemicals and fertilizers industries
- Pharmaceutical products industries.
As we enter into a new millennium, Burkina Faso is Looking at the Asian region for technology transfer and South cooperation
Burkina Faso offers to the Asian business Community, tremendous opportunities for business, investments, and technology transfer and trade.
The Country has the following advantages:
- A strategic location at the heart of West Africa.
- A fully liberalized and growing economy.
- An attractive investment policy.
- A strong and reliable banking sector
- The country has good reserve of natural resources and raw material.
It is a window to the regional African market.
At the bilateral and multilateral level the county has cooperation with Asian countries in the international arena through various institutions such as World Trade Organization.
|
|
|
|
|
