Togo seeks to trade more with Burkina Faso

Economic governance
Wednesday, 20 March 2024 14:59
Togo seeks to trade more with Burkina Faso

(Togo First) - Various ministers from Togo and Burkina Faso held a meeting last week in Lomé. The two sides talked about their mutual desire to boost their trade relationship. To do this, they want to focus on fluidifying movement along the Lomé-Ouagadougou corridor. 

On the occasion, the participants identified some roadblocks to this ambition and made some recommendations to overcome them. 

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The stakes are high for Togo since Burkina Faso is one of its biggest trade partners. According to the National Institute of Statistics of Togo (INSEED), Burkina Faso was the country’s second-biggest client in Q4 2023. That quarter, the exports from Togo to Burkina Faso were valued at CFA21.6 billion. 

Before the meeting with the Burkinabe delegation, Togo held a similar meeting with Niger’s officials. The goal was the same: to bolster trade between the two nations.

Esaïe Edoh

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