WT/TPR/S/362 • Burkina Faso - 148 - ANNEX 2 – BURKINA FASO WT/TPR/S/362 • Burkina Faso - 149 - CONTENTS 1 ECONOMIC ENVIRONMENT ...................................................................................... 152 1.1 Main features ........................................................................................................... 152 1.2 Recent economic trends ............................................................................................ 154 1.3 Trade performance ................................................................................................... 155 1.4 Foreign direct investment .......................................................................................... 155 2 TRADE AND INVESTMENT REGIMES......................................................................... 158 2.1 Overview ................................................................................................................. 158 2.2 Trade policy formulation and objectives ....................................................................... 159 2.3 Trade agreements and arrangements .......................................................................... 159 2.3.1 Relations with the World Trade Organization ............................................................. 159 2.3.2 Regional and preferential agreements ...................................................................... 160 2.4 Investment regime ................................................................................................... 160 3 TRADE POLICIES AND PRACTICES BY MEASURE ...................................................... 163 3.1 Measures directly affecting imports ............................................................................. 163 3.1.1 Customs procedures, valuation and requirements ...................................................... 163 3.1.2 Rules of origin ....................................................................................................... 164 3.1.3 Customs tariffs ...................................................................................................... 164 3.1.3.1 Overview ........................................................................................................... 164 3.1.3.2 Bindings ............................................................................................................ 164 3.1.3.3 Tax concessions .................................................................................................. 165 3.1.4 Other taxes affecting imports .................................................................................. 165 3.1.5 Import prohibitions and restrictions, and import licensing ........................................... 165 3.1.6 Anti-dumping, countervailing or safeguard measures and other measures .................... 167 3.2 Measures directly affecting exports ............................................................................. 168 3.2.1 Customs procedures and requirements ..................................................................... 168 3.2.2 Taxes, duties and levies ......................................................................................... 168 3.2.3 Export prohibitions and restrictions and export licensing ............................................. 168 3.2.4 Export support and promotion ................................................................................. 168 3.3 Measures affecting production and trade ..................................................................... 168 3.3.1 Incentives ............................................................................................................. 168 3.3.2 Standards and other technical regulations ................................................................. 169 3.3.3 Sanitary and phytosanitary requirements .................................................................. 169 3.3.4 Competition and price control policy ......................................................................... 170 3.3.5 State trading, State-owned enterprises and privatization ............................................ 171 3.3.6 Government procurement ....................................................................................... 172 3.3.7 Intellectual property rights ...................................................................................... 173 4 TRADE POLICIES BY SECTOR ................................................................................... 174 4.1 Agriculture ............................................................................................................... 174 4.1.1 Overview .............................................................................................................. 174 WT/TPR/S/362 • Burkina Faso - 150 - 4.1.2 Agricultural policy .................................................................................................. 174 4.1.3 Policies by subsector .............................................................................................. 176 4.1.3.1 Food crops ......................................................................................................... 176 4.1.3.2 Cotton subsector ................................................................................................. 176 4.1.3.3 Cattle subsector .................................................................................................. 178 4.1.3.4 Sugar subsector .................................................................................................. 178 4.1.3.5 Fisheries subsector .............................................................................................. 179 4.1.3.6 Other agricultural products ................................................................................... 179 4.2 Mining ..................................................................................................................... 179 4.2.1 Overview .............................................................................................................. 179 4.2.2 Mining products ..................................................................................................... 181 4.2.2.1 Gold .................................................................................................................. 181 4.2.2.2 Phosphate .......................................................................................................... 181 4.2.2.3 Manganese ......................................................................................................... 181 4.2.2.4 Zinc .................................................................................................................. 181 4.2.2.5 Quarried materials .............................................................................................. 182 4.3 Energy and water ..................................................................................................... 182 4.3.1 Overview .............................................................................................................. 182 4.3.2 Hydrocarbons ........................................................................................................ 182 4.3.3 Electricity ............................................................................................................. 182 4.3.4 Water ................................................................................................................... 183 4.4 Manufacturing sector ................................................................................................ 184 4.5 Services .................................................................................................................. 184 4.5.1 Overview .............................................................................................................. 184 4.5.2 Principal subsectors ............................................................................................... 185 4.5.2.1 Financial services ................................................................................................ 185 4.5.2.2 Telecommunications and postal services ................................................................ 185 4.5.2.3 Transport ........................................................................................................... 186 4.5.2.3.1 Land and river transport ................................................................................... 186 4.5.2.3.2 Air transport .................................................................................................... 187 4.5.2.4 Tourism ............................................................................................................. 188 5 APPENDIX TABLES .................................................................................................. 189 CHARTS Chart 1.1 Structure of merchandise trade, 2009 and 2015 .................................................... 156 Chart 1.2 Direction of merchandise trade, 2009 and 2015 ..................................................... 157 WT/TPR/S/362 • Burkina Faso - 151 - TABLES Table 1.1 Main macroeconomic indicators, 2009-2016 .......................................................... 152 Table 1.2 Balance of payments, 2009-2016 ......................................................................... 154 Table 2.1 Domestic trade and investment-related laws and regulations ................................... 158 Table 2.2 Notifications to the WTO,