As a member of WAEMU, Burkina Faso is part of regional trade blocs that facilitate trade among member countries. The country does not have a Free Trade Agreement (FTA) and is not a beneficiary of the African Growth and Opportunity Act (AGOA), which provides eligible sub-Saharan African countries with duty-free access to the U.S. market for certain products. U.S. companies should be aware of these agreements as they can impact regional competition and market dynamics.
Licensing Requirements for Professional Services
To practice professional services such as legal, accounting, and consulting in Burkina Faso, foreign firms and individuals must generally obtain a license from the relevant professional association or government body. These licensing requirements vary by profession and may involve specific educational, experience, or residency criteria. It is highly recommended to engage with a local partner or legal counsel to navigate these requirements.