The Heads of State and/or Government of twenty-six (26) countries, which are members of the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and of the Southern African Development Community (SADC) met in Kampala, Uganda on 22 October 2008 at the First Tripartite Summit and declared that the three regional economic communities (RECs) would establish a single Free Trade Area (FTA) covering the combined membership of their respective RECs.
Negotiations leading to the establishment of the grand FTA are in two Phases with phase I focussing on trade in goods and Movement of Business Persons which would also take place on a parallel track. Phase II negotiations will commence upon the conclusion of Phase I negotiations and will cover trade in services and trade-related issues such as Competition Policy, Intellectual Property Rights and Trade Development and Competitiveness.
Hon. Amelia Kyambadde signing the Tripartite FTA Agreement flanked by the Ugandan Delegation
Heads of State and Government gathered in the picturesque resort City of Sharm el Sheikh, Egypt on 10th June 2015, launched the COMESA-EAC-SADC Tripartite Free Trade Area and signed the Tripartite Free Trade Area Agreement.
The Tripartite FTA brings together 26 countries with a combined population of 625 million people, half the Countries in Africa, a combined GDP of USD$ 1.3 trillion and an area twice the size of China. If the Member States of the Tripartite were to be considered as one Country they would rank 13th in the world in terms of the GDP.
|Hon Amelia Kyambadde minister MTIC with HE David Angell Canadian Ambassador||Hon Amelia Kyambadde minister MTIC with HE David Angell Canadian Ambassador,Ps MTIC Ambassador Onen and other Officials at the Forum
The Ministry of Trade, Industry and Cooperatives hosted the Canadian Ambassador to Uganda H. E David Angell in the first Ambassadors’ Forum organized by the Ministry. The Ambassadors Forum is a high level multi-sectoral gathering designed to facilitate dialogue between the Uganda business community and Non Resident foreign Ambassadors / Trade Commissioners accredited to Uganda.
The overall objective of the Forum is to provide a platform for engagement on matters of commerce and investment between Uganda and Canada, with a view of enhancing bilateral trade and investment opportunities between the two countries.
Read More:Ambassadors Forum-Canada
Since February 2014, our Embassy in Brussels has been notifying us of the interception of plants and plant products exported from Uganda to various countries in the European Union (EU).
According to their report, the interceptions affect the following products: Peppers (capsicum), roses, curry leaves and various fruits and vegetables. It is apparent that most of the exporters have been a victim of the interception.
Reason for the interception
The EU has indicated that the reason for the interception is the presence of harmful organisms in the produce exported from Uganda. The harmful organisms are the following: African Cotton Leafworm, False codling moth, Trioza SSP and other organisms including fruit flies
Read more:Ministers speech EU Ban
The services sector accounts for more than 52% of Uganda’s GDP; and increasing trade in services can significantly enhance Uganda’s economic potential. However, stakeholders in government, sector regulators, the private sector and civil society have not been fully sensitized to the potential of services trade. Uganda remains a net importer of services, despite the promise of sectors such as tourism, transport and logistics, and education. From 16-19 March 2015, the Ministry of Trade, Industry and Cooperatives (MTIC), supported by the UKAid-funded Trade Advocacy Fund (TAF), held a four-day workshop on trade in services. The workshop aimed to increase knowledge and understanding of trade in services and strengthen Uganda’s national position within East African Community (EAC) trade in services negotiations.