The landscape of global export markets is rapidly evolving, driven by factors such as traceability, quality standards, and the increasing demand for goods.
Despite these opportunities, Ugandan exporters are grappling with multifaceted challenges that hinder their ability to tap into the burgeoning European markets.
To address these obstacles, exporters have gathered in Kampala to collectively seek solutions that will bolster their presence in international trade.
With the mandate to enhance export figures to $6 billion USD by 2028 and a staggering $100 billion USD by 2062, the Presidential Advisor Committee on Exports and Industrial Development (PACEID) conducted a survey to gain insights into the challenges faced by Ugandan exporters.
The survey results revealed that 41% of exporters cited financing as their primary challenge, underscoring the critical need for accessible funding options.
Lack of markets accounted for 19% of the challenges, while 14% of exporters expressed the need for scaling up their firms.
Additionally, 9% of respondents faced hurdles due to a lack of requisite equipment for production, 3% struggled with certification for export, and 3% were challenged by land-related issues.
Odrek Rwabwogo, Chairman of PACEID, emphasized the urgency of addressing these findings to facilitate the growth of Uganda's export sector.
"The survey outcomes are a clear call to action. We must take tangible steps to alleviate these obstacles and enable our exporters to thrive," urged Rwabwogo.
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With the Presidential Advisor Committee celebrating its 18-month existence, a new focus has emerged--approaching markets in an innovative and interactive manner. Rwabwogo stressed that collaboration and organization among exporters are crucial to realizing these goals.
"As we venture forward, we're shifting our attention to new strategies that prioritize interactive market engagement. Exporters need to collectively organize themselves to maximize opportunities," Rwabwogo emphasized.
For exporters who have grappled with challenges such as unpaid shipments, inadequate infrastructure, high taxes, and bureaucratic hurdles from government agencies, the PACEID initiative brings a ray of hope.
This collective effort is seen as a significant step toward addressing the long-standing challenges and enhancing Uganda's position in the global export arena.
As Ugandan exporters unite to overcome obstacles and prepare for entry into European markets, the collaboration between the government and the export sector aims to foster sustainable growth and contribute to the nation's economic development.
