Subchapters:
- Business Relationships
- Foreign direct investment
- FTAs and Treaties
- Development Cooperation
- Prospective fields of study (MOP)
Business relations
Trade relations with the EU
Burkina Faso encourages foreign direct investment and offers tax and legal incentives, such as the ability for a foreign company to own 100% of a local company. However, lack of access to the sea and agricultural resources and the weakness of the industrial sector are major obstacles to investment. The business climate is still poor by international standards. The EU remains one of the most important trading partners.
- Allcountrylist: Overview of major industries in Burkina Faso, including mining, construction, transportation, tourism, and foreign trade.
| 2017 | 2018 | 2019 | 2020 | 2021 | |
| Exports from the EU (million EUR) | 713.7 | 712.8 | 725.5 | 798.5 | 862.4 |
| Imports into the EU (million EUR) | 188.2 | 194.3 | 267.5 | 129.9 | 149.7 |
| Balance with the EU (million EUR) | -525.5 | -518.5 | -458 | -668.7 | -712.7 |
Source: European Commission
Trade relations with the Czech Republic
Business cooperation between Burkina and the Czech Republic is mainly based on the defense industry, other business relations remain minimal.
| 2017 | 2018 | 2019 | 2020 | 2021 | |
| Exports from the Czech Republic (billion CZK) | 0 | 0.1 | 0.1 | 0.2 | ON |
| Imports to the Czech Republic (billion CZK) | ON | ON | ON | ON | ON |
| Balance with the Czech Republic (billion CZK) | 0 | -0.1 | -0.1 | -0.1 | ON |
Source: CZSO
Trade relations with countries outside the EU
| 2017 | 2018 | 2019 | 2020 | 2021 | |
| Exports from countries outside the EU (million EUR) | 1,658.0 | 2,011.5 | 2,027.7 | 2,925.4 | 3,278.0 |
| Imports to countries outside the EU (million EUR) | 2,976.0 | 3,409.5 | 2,770.2 | 3,373.2 | 3,523.3 |
| Balance with non-EU countries (million EUR) | -1,318.1 | -1,398.1 | -742.5 | -447.9 | -245.4 |
Source: EIU, Eurostat
Foreign direct investment
ON
FTAs and treaties
Treaties with the EU
ON
Contracts with the Czech Republic
Relations between the Czech Republic and Burkina Faso have not yet been regulated by any bilateral contractual documents. A memorandum of cooperation in the field of defense industry is being worked on.
Developmental cooperation
In 2021, ZÚ Accra successfully completed the implementation of the Small Local Project “Fabric of the future”. The project is focused on the production and sale of organic cotton fabrics. The aim of the project is mainly to help local women to ensure a living for themselves and their children.
In 2021, ZÚ Accra implemented 2 transformation projects in Burkina Faso. A project to prevent radicalism and violent extremism in the Central Plateau region. The project focused on the prevention of radicalization and extremism, and the second project Campaign for Responsible and Conscious Participation in the 2021 Municipal Elections in Burkina Faso.
In 2021, the EU supported humanitarian action in Burkina Faso with EUR 37.7 million, including funding to address food shortages. EU humanitarian aid focused on supporting internally displaced persons and host populations affected by the ongoing armed conflict. The goal was to address the needs of affected residents and support operations that would enable partners to operate in a complex environment. The EU also aimed to build the capacity of local organizations to prepare for and respond to emergencies.
Prospective fields of study (MOP)
Agricultural industry – machines, tractors, fertilizers, seeds, live animals
Construction industry – projects for the construction of 40,000 housing units
Mining industry – gold, manganese other commodities
Energy industry – electrification, construction of solar power plants
Practical telephone numbers (emergency services, police, firemen, information lines, etc.)
Country Code – 226
Shelf – 17
Fire department – 18
Ambulance – 112
Water emergency – 1111
Electricity emergency – 1130
COVID-19 – +226 1608989, +226 5219539
Important web links and contacts
Government of Burkina Faso – www.gouvernement.gov.bf
Public Service – www.servicepublic.gov.bf
Burkina Faso Investment Promotion Agency – www.investburkina.com
Central Bank of West African States – www.bceao.int/en
Ministry of Finance – www.finances.gov.bf
Ministry of Justice – www.justice.gov.bf
Ministry of Health – www.sante.gov.bf
Ministry of Public Service, Labor and Social Protection – www.fonction-publique.gov.bf
General Directorate of Taxes – www.impots.gov.bf
Information Service of the Government of Burkina Faso – www.sig.gov.bf
Ministry of the Environment, Green Economy and Climate Change www.environnement.gov.bf
eRegulations – www.burkinafaso.eregulations.org
Regulatory Authority of Electronic Communications and Posts – www.arcep.bf
The Burkina Faso Jurisdictions Virtual Reception Office – http://infos-pratiques.justice.gov.bf
Burkina Faso Customs – www.douanes.bf
Burkina Faso Investment Agency – www.investburkina.com
Ministry of Commerce, Industry and Handicrafts – www.commerce.gov.bf
