Uganda’s sustainable investment in trade facilitation and the positive strides undertaken by local manufactures in improving the quality of local products has contributed to Uganda’s readiness to conquer bigger markets especially the Africa Continental Free Trade Area (AfCFTA), Amelia Kyambadde, the Minister of Trade, Industry and Cooperative, has said. Kyambadde made the remarks while officiating at the National Consultative Forum organized by TradeMark EA and United Nations Economic Commission for Africa (UNECA) at Golf Course Hotel in Kampala today. Kyambadde noted that Uganda in good shape to reap from the bigger markets that AfCFTA will open. “We have implemented several trade facilitation measures such as Electronic Single Window; Electronic Cargo Tracking; One Stop Border Posts; Non-Tariff Barriers (NTBs) identification and removal mechanism, Yellow Card Scheme and the Border Export Zones, among others…” Kyambadde said. She added that the Vision of the National Trade Policy is to transform Uganda into a dynamic and competitive economy in which the trade sector stimulates the productive sectors and to trade the Country out of poverty, into wealth and prosperity. “Our strategy on market access for Ugandan goods and services includes capacity building for the private sector to take advantage of these market opportunities plus provision of the necessary trade infrastructure such as affordable electricity and improved road network to ease logistics,” she noted. According to a preliminary report on the anticipated results of AfCFTA, “The African Continental Free Trade Area (AfCFTA) will increase Uganda’s intra-African trade by reducing tariff and non-tariff barriers on trade...
Uganda Ready To Exploit Africa Free Trade Area Opportunities- Amelia Kyambadde
Posted on: November 13, 2019
Posted on: November 13, 2019