Roderick Ahimbazwe
18 August 2008
Kampala — TRADE between Uganda and China should be balanced if Uganda is to benefit economically and politically, the micro-finance state minister, Salim Saleh, has said.
While opening the offices of Tasly Africa Limited, a Chinese firm that deals in food supplements, Saleh commended the cordial relations between Uganda and China.
"Uganda imports from China are worth about $300m, while the exports are between $20m and $30m only," Saleh noted.
He said China should open its market to Uganda's products.
Saleh urged the Ugandan business community to be disciplined and choose the right enterprises. "This is the best way you can prosper and compete favourably on the international market."
He commended the management of Tasly for investing in Uganda and called upon them to market Ugandan products in China.
Walter Wu, the company's managing director, said the company had invested over sh150m in products that are used in enhancing people's diets.
Wu said Tasly, which has offices in over 30 countries worldwide, would divert to real estate and exploitation of natural resources in future.
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