Minister for Trade and Industry Amelia Kyambadde has backed Chinese businessman in the country who are under fire for being involved in petty trade. Kyambadde told MPs there is no provision in the law excluding foreigners from carrying out trade in the country. She told the parliamentary committee on trade …
Read More »ANALYSIS: What is the North American Free Trade Agreement?
Washington, United States | AFP | The North American Free Trade Agreement (NAFTA) is a 23-year-old pact has boosted trade among Canada, Mexico and the United States. It might now be renegotiated the White House said Wednesday, after Canada and Mexico agreed to do so “swiftly.” US President Donald Trump …
Read More »‘There is no law barring foreigners from petty business’
Minister of Trade, Industry and Cooperatives Amelia Kyambadde has said cabinet has constituted a sub-committee to look into and address the fact that there is no law that prevents foreigners from engaging in petty trade in Uganda. The sub-committee has finalized its main task which was to come up with a national policy …
Read More »Uganda to open investment office in Doha, Qatar
Uganda plans to open an investment office in Doha, Qatar to facilitate prospective investors with information on trade, investment opportunities and to promote tourism. “Uganda will open an investment office in Doha. It will be part of Uganda’s Embassy in Qatar andwill also work on the promotion of tourism,” said President …
Read More »TRADE: Museveni off to Qatar
President Yoweri Museveni is in Qatar for a three day state visit at the invitation of the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani. “I will meet the Emir and other Qatari government and business officials as we seek to strengthen our countries’ business and trade relations,” Museveni said …
Read More »BREXIT: First ‘Silk Road’ train from Britain leaves for China with whiskey
Stanford-le-Hope, United Kingdom | AFP | The first-ever freight train from Britain to China started its mammoth journey on Monday along a modern-day “Silk Road” trade route as Britain eyes new opportunities after it leaves the European Union. The 32-container train, around 600 metres (656 yards) long, left the vast …
Read More »Trump, China’s Xi look to navigate minefield in first summit
Palm Beach, United States | AFP | Donald Trump hosts Chinese President Xi Jinping at his sun-kissed Mar-a-Lago resort in Florida on Thursday, a high-stakes first summit replete with pitfalls for both leaders. The stage is set for a carefully choreographed dinners with family and displays of bonhomie, but beneath …
Read More »Trump, trade, and the middle powers
COMMENT: Trump’s rejection of international trade rules by executive order and renegotiation foreshadow likely trade tensions By Oonagh Fitzgerald and Hector R. Torres Donald Trump’s presidency is posing fundamental challenges to the rule-based international trading system that has buttressed global growth for decades. But while America’s protectionist maneuverings threaten a …
Read More »Exploit Uganda’s tourism potential, reduce cost of business – UK Trade Envoy
UK Trade Envoy challenges Uganda to reduce the cost of doing business The UK Prime Minister’s Trade Envoy to Uganda Lord Dolar Popat has challenged the Government of Uganda to invest more in the tourism sector and reduce the cost of doing business, if the country is to attain the …
Read More »BORIS: Economic growth presents Uganda new opportunities
Britain’s Secretary of State for Foreign and Commonwealth Affairs Boris Johnson has hailed Uganda for sustaining economic growth over the years. “The country seems to be growing well. The strong economic growth presents real opportunities,.” Johnson said after meeting Uganda’s President Yoweri Museveni on Wednesday night. Other than trade and …
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