Burkina Faso - PricingBurkina Faso - Pricing
Burkinabe consumers are very price-sensitive and price will likely be the most important competitive factor. Most transactions are subject to an 18% value-added tax (VAT).
The Burkina Faso government implements price controls on staple goods like rice and cooking oil, administered and enforced by the Inspection Générale des Affaires Economiques (IGAE). This agency is also in charge of regulations relating to quality and standardization and in maintaining an effective competition regime.
As a member of the West African Economic and Monetary Union, Burkina Faso observes the WAEMU common external tariff. The ECOWAS common external tariff also took effect on January 2015. It is planned that trade in goods and services throughout the region will be further liberalized.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
The Burkina Faso government implements price controls on staple goods like rice and cooking oil, administered and enforced by the Inspection Générale des Affaires Economiques (IGAE). This agency is also in charge of regulations relating to quality and standardization and in maintaining an effective competition regime.
As a member of the West African Economic and Monetary Union, Burkina Faso observes the WAEMU common external tariff. The ECOWAS common external tariff also took effect on January 2015. It is planned that trade in goods and services throughout the region will be further liberalized.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.