Uganda: NRM Promotes Trade in the Region

NRM Manifesto Week — The Ministry of Trade implemented the manifesto commitment of continuing fast-tracking the East African Community (EAC) economic and political integration in line with the vision of having a single monetary union and achieving political federation of all the EAC member states. Economic integration was deepened through engagement in sectoral councils (resolving the outstanding NTBs and facilitate smooth trading under the COVID 19 pandemic). Also achieved was implementation of the Common Market Protocol where implementation of the Northern Corridor Initiative started, Signing of the Mutual Recognition Agreement to ease movement of persons in the professions of Engineers, lawyers, accountants; ease of movement of persons by having a common tourism visa.

The Ministry sensitized, organized and supported the business community to take advantage of AGOA, Everything but Arms, COMESA, EAC and the Chinese markets. Also, gave the Uganda Export Promotion Board targets to increase the volume of exports to these markets. Hence National Export Development Strategy (NEDS) was implemented and focuses on preferential markets. Sensitizations of the business community continuously being held.

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