In 2023 alone, the WTO estimates that the global trade in these AI-enabling products reached a staggering $2.3 trillion TECHNOLOGY | AGENCIES | AI could boost global trade by almost 40% by 2040, according to a new report from the World Trade Organization, though the benefits can only be shared …
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BEIJING, CHINA | Xinhua | Global trade in services is accelerating its shift toward greener and smarter development, with green technologies and environmental solutions emerging as new growth drivers and creating broader opportunities for international cooperation. At the ongoing China International Fair for Trade in Services (CIFTIS) in Beijing, new-type …
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BEIJING | Xinhua | The virtual BRICS Summit held on Monday has never been more relevant as it came at a time of growing global uncertainties and an intensifying deficit in global governance. During the summit, Chinese President Xi Jinping called on BRICS countries, which stand at the forefront of the …
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NAIROBI, KENYA | Xinhua | As the U.S. tariff storm disrupted Africa’s commercial landscape, the continent has responded by actively strengthening regional integration, diversifying markets and enhancing its role in industrial and supply chains. On July 31, U.S. President Donald Trump signed an executive order to further modify tariff rates …
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BEIJING, CHINA | Xinhua | For months, some U.S. lawmakers have been pushing for installing “hardware kill switches” and mandatory tracking devices in AI chips through legislation such as the so-called Chip Security Act. The bill would force manufacturers to embed location trackers in chips to monitor their international movements …
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These new trading measures are also being implemented in the context of a deteriorating global trading environment for many African economies London, UK | AGENCIES | The UK government has announced new measures intended to simplify imports from Africa and make it easier for UK businesses to conduct trade with counterparts …
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NAIROBI, NAIROBI | Xinhua | Kenya and Uganda on Wednesday signed eight additional bilateral memoranda of understanding (MoUs), building on the 17 agreements already in place, to strengthen legal and institutional cooperation across strategic sectors. The signing was witnessed by visiting Ugandan President Yoweri Museveni and his Kenyan counterpart William …
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Kampala, Uganda | THE INDEPENDENT | Implementation on a new four-year project to promote sustainable economic growth, boost trade and investment, and create green and decent jobs in Uganda has taken off. The European Union (EU) funded Sustainable Business for Uganda (SB4U) 2.0 – Trade and Investment Development project is …
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Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Abuja, Nigeria | ISAAC KHISA | Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course …
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Kampala, Uganda | THE INDEPENDENT | The East African Community has grappled with the issue of non-tariff barriers (NTB) or barriers to trade for as long as it has existed, despite the existence of what experts see as adequate legal frameworks. All the countries, at least going by the proclamations …
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The Independent Uganda: You get the Truth we Pay the Price
