Canada and Burkina Faso have agreed to begin negotiations towards a Foreign Investment Promotion and Protection Agreement (FIPA). The parties have pledged to work together to conclude an agreement in a timely manner. The first round of negotiations is expected to take place in the second half of 2012.
A bilateral FIPA will provide greater predictability and certainty for Canadian investors considering investment opportunities in Burkina Faso. Canada’s objective in entering these negotiations is to secure a comprehensive, high-quality agreement which will protect investors through the establishment of a framework of legally binding rights and obligations.
Official Government of Canada data on Canadian Direct investment in Burkina Faso compiled by Statistics Canada is not publically available. According to Natural Resources Canada, the stock of Canadian investment in the mining sector alone in Burkina Faso over $1.6 billion at the end of 2011.
If you have questions or comments, please contact Foreign Affairs and International Trade Canada at:
Investment Trade Policy Division (TNI)
Foreign Affairs and International Trade Canada
Lester B. Pearson Building
125 Sussex Drive
Ottawa, Ontario K1A 0G2