Uganda and DRC sign Memorandum of Understanding Establishing a Bilateral Framework for Enhancing Cross Border Trade
On 9th April 2018,The Ministry of Trade, Industry and Cooperatives of the Republic of Uganda and the Ministry of External Trade of the Democratic Republic of Congo desiring to promote trade between the two countries through improved trade facilitation, enhanced cross border investments and trade promotion signed a Memorandum of Understanding establishing a bilateral Framework for enhancing cross border trade. Objectives of the MOU The parties shall develop the economic cooperation to contribute to; Creation of favorable conditions for sustainable development and diversification of trade in goods and services Promotion of cross border trade and investments Elimination of Non-Tariff Barriers …
Republic of Uganda and the Democratic Republic of Congo (DRC) hold Bilateral Meeting on the Promotion of Cross Border Trade
The Republic of Uganda and the Democratic Republic of Congo (DRC) held a bilateral meeting on the promotion of cross border trade from 5-8 April 2018 at the level of technical experts. The meeting followed a decision of the Ministers in charge of Trade for Uganda and the Democratic Republic of Congo held on the side-lines of the Africa Continental Free Trade Area (AfCFTA) meeting in Kigali in March 2018 that the countries should hold a bilateral meeting in Uganda in April 2018. The meeting was held under the auspices of the Great Lakes Trade Facilitation (GLTF) Project which the …
Disclaimer on SACCOS Report
The Ministry of Trade, Industry and Cooperatives is hereby informing the General Public that Government has not taken any decision to declare any Savings and Credit Cooperative Societies (SACCOs) illegal or dysfunctional, as reported in the New Vision issue of Tuesday, April 3, 2018.Currently, the Ministry of Trade, Industry and Cooperatives in collaboration with the Ministry of Finance, Planning and Economic Development are implementing the Project for Financial Inclusion in Rural Areas (PROFIRA). Through the project, the two Ministries are conducting a verifi cation exercise on the functionality of all SACCOs in the country.Through PROFIRA, a SACCO census has been …
Breakfast Meeting with the Chinese Business Community in Uganda
Your Excellency, Mr. Zheng Zhu Qiang, the Chinese ambassador,Government officials, The Business Community of China and Uganda, Members of the Media Fraternity, Ladies and Gentlemen I take this opportunity to welcome you to the second breakfast meeting with the Chinese business community in Uganda. The First one was held sometime back in 2015. This forum is an initiative of the Ministry of Trade, Industry and Co-operatives whose main aim is to provide an opportunity for the Government MDAs and the Chinese Business Community in Uganda to interface so as to enhance trade and Investment and further strengthen the cordial relationship …
Breakfast Meeting with the Indian Business Community in Uganda
On 18th January 2018,the ministry held a breakfast meeting with the Indian business community This forum is an initiative of the Ministry of Trade, Industry and Co-operatives whose main aim is to provide an opportunity for the Government MDAs and the Indian business community in Uganda to interface so as to enhance trade and Investment and further strengthen the cordial relationship between the two countries. The meeting was to enable us come together with the purpose of achieving in particular the following: Inform the Indian business community about measures being undertaken by Government to improve the doing business environment in …
Uganda to Benefit from USD $21.3 million Grant from UK to Promote Trade
Uganda is one of the 51 countries set to benefit from UGX 76.68 billion (USD$21.3 million) grant that the United Kingdom has pledged towards the Enhanced Integrated Framework (EIF), an innovative global trade programme that brings together partners and resources to support Lest Developed Countries in using trade for poverty reduction, inclusive growth and sustainable development. UK made the announcement during a meeting for the Enhanced Integrated Framework on the sidelines of the ongoing 11th WTO Ministerial Conference in Buenos Aires, Argentina. Announcing the commitment on 12th December 2017 in Buenos Aires, the Minister of State for Trade Policy, Department for International …
11th WTO Ministerial Conference 2017
The 11th WTO Ministerial Conference was officially opened with a call from leaders from South America for inclusiveness and equality, and more efficiency of the multilateral trading system. The conference was taking place at Hilton Hotel in Buenos Aires, Argentina from 10th to 14th December 2017. Uganda delegation was led by the Minister of Trade, Industry and Cooperatives Hon. Amelia Kyambadde. Uganda’s interests in the WTO negotiations are centered around agriculture, cotton, Non Agricultural market access, Trade in Services and Trade Related aspects of intellectual property rights. Kyambadde assures UK of continued trade partnership despite Brexit Uganda to benefit from …
Trade Minister meets Sugar Millers over High Sugar Prices
Sugar Millers under their umbrella association the Uganda Sugar Millers Association have denied allegations of hording sugar so as to sell it at higher prices. This was during a meeting with the Trade Minister Amelia Kyambadde on Tuesday 5th December 2017 at the Ministry offices in Kampala. Kyambadde summoned the sugar millers after MPs vowed to table a motion on the floor of Parliament over the continuous high sugar prices. The Minister tasked the millers including Kakira Sugar, Kinyara, Lugazi Sugar and others to explain why sugar prices are still high yet they claim they have enough stock. The millers led …
Kyambadde Assures UK of Continued Trade Partnership Despite Brexit
Remove NTBS that deny African countries market access opportunities, Kyambadde asks the UK Trade Minister Amelia Kyambadde has assured the United Kingdom of continued trade relations despite the UKs decision to exit the European Union. Kyambadde revealed this during the Trade and Sustainable Development Symposium organised by the International Centre for Trade and Sustainable Development (ICTSD) on the sidelines of the ongoing 11th WTO Ministerial conference in Buenos Aires, Argentina. The symposium organized under the theme “Getting the future Africa-UK trade partnership right” was premised on the significant implications for Britain’s trade policy relationship with Africa following UK’s decision to exit the European …
Uganda to Commemorate Africa Industrialization Day 2017
Industrialization is certainly the key to Africa’s economic development with the ability to bring prosperity, new jobs and better incomes for all. However, Africa has remained less industrialized amidst calls to industrialize. In Uganda, the growth of the Industrial Sector remains at 3.4% with its contribution to GDP valued at 19.6% Each year on 20 November Uganda joins the rest of Africa to commemorate Africa Industrialization Day (AID). The Day is aimed to raising global awareness of the challenges faced by the continent with regard to industrialization. The event also aims to mobilize both African leaders and international organizations to advocate for …
