Hungary which imports 65 percent of its oil from Russia through the Druzhba pipeline, has asked for an exception from the ban Brussels, Belgium | Xinhua | European Union (EU) leaders gathered in Brussels on Monday for a special meeting that is likely to be overshadowed by disagreement on phasing out …
Read More »Tanzania plans to end sugar, edible oil imports by 2025
Dar es Salaam, Tanzania | Xinhua | The government of Tanzania on Monday announced plans aimed at ending sugar and edible oil imports by 2025. The plans were announced by the Minister for Agriculture, Hussein Bashe, and the Minister for Investment, Industry and Trade, Ashatu Kijaji, when they addressed parliament in …
Read More »U.S. businesses urge Biden administration to remove tariffs amid rising costs, inflation concerns
Tariffs have harmed American jobs, American consumers, American companies and the country’s global competitiveness Washington, U.S. | Xinhua | The U.S. business groups have urged the Biden administration to remove punitive tariffs on U.S. imports imposed by the previous administration, as tariffs continue to hit American businesses and consumers while pushing …
Read More »Ugandan car importers get one month exemption
Under the PVoC policy, all goods are supposed to be tested for standards like roadworthiness for vehicles Mombasa, Kenya | THE INDEPENDENT | Uganda National Bureau of Standards (UNBS) has given importers a one-month waiver of the surcharge on goods that are subject to the Pre-Export Verification of Conformity (PVoC) but …
Read More »Kadaga encourages Ugandans to sue Kenya for blocking imports
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has called on concerned Ugandan citizens to sue the Kenyan government for unfair trade practices that infringe on the treaty of the East African cooperation. Kadaga on Wednesday reminded Ugandans of their right to take a partner state to …
Read More »Africa urged to embrace e-commerce to accelerate trade
Lusaka, Zambia | Xinhua | A virtual import and export conference and exhibition opened Tuesday with the Zambian government urging African countries to embrace e-commerce in order to accelerate trade. The two-day event, hosted by the Zambian government in collaboration with the private sector, is a flagship networking platform aimed …
Read More »Limit timber importation to only those that cannot be produced locally – Conservationists
Kampala, Uganda | THE INDEPENDENT | Ugandan government needs to regulate importation of forest products, limiting importation to only those that cannot be produced locally, according to David Duli, country director for the World Wide Fund for Nature (WWF). Duli said there’s also need to review the forest policy and the …
Read More »Uganda’s exports up but trade deficit grew higher
Kampala, Uganda | THE INDEPENDENT | Uganda has lost the trade deficit it had recorded against the European Union in July as imports of merchandises grew faster than the exports to the same region. Both exports and imports dropped sharply in April 2020, the first month of the lockdown that …
Read More »Economy bouncing back, exports rise to $337 million in July
Kampala, Uganda | THE INDEPENDENT | As the country struggles to overcome of the effects of the recent lock-down to prevent the spread of the COVID-19 pandemic, Uganda’s export earnings increased for a second consecutive month to US$ 337.19 million in June 2020 from US$290.93 million in May 2020. The …
Read More »China cuts Australian beef imports after warning against virus probe
Sydney, Australia | AFP | China suspended imports from four major Australian beef suppliers Tuesday, just weeks after Beijing’s ambassador warned of a consumer boycott in retaliation for Canberra’s push to probe the origins of the coronavirus. Analysts said the move raised concerns of a possible standoff between Australia and its …
Read More »