15 April 2014

Uganda, Netherlands in Trade Cooperation

In a bid to promote and strengthen bilateral economic relations between Uganda and the Netherlands, an agro-logistics business mission from Uganda left for the Netherlands last week, and is due to return this Friday.

The purpose of the mission is to promote Uganda as an investment destination for Dutch companies, enable Ugandan companies to link up with prospective business partners, and explore Dutch technology and know-how. The trade mission participants are Ugandan and Dutch companies that are registered members of the Netherlands Uganda Trade and Investment Platform (NUTIP).

"This opportunity will improve the Dutch linkages with our local entrepreneurs. It provides an opportunity for the trade mission to tap into the market," said Dr Stephen Birungi, the vice chairman of the investment platform.

Whereas Uganda has a competitive advantage in agricultural production in this region, the Netherlands has the requisite technology in production, agro-processing, marketing and logistics, which Uganda's agro-sector can benefit from. The Netherlands is the world's second largest agri-food exporter and the world's third largest agricultural exporter.

The business mission is led by Dr Frank Ssebbowa, the executive director of the Uganda Investment Authority. Currently, there are about 100 companies of Dutch origin and a further 50 joint partnerships with Ugandan companies operating in Uganda.

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