Uganda and UAE discuss trade ties; China to assist with infrastructure
What happened
Uganda’s Speaker, Jacob Marksons Oboth, met with delegations from the United Arab Emirates and China at the 12th BRICS Parliamentary Forum in New Delhi. Oboth emphasized that the United Arab Emirates remains Uganda’s largest export market. He also advocated for diversifying Ugandan exports beyond gold, specifically mentioning coffee, fish, and fruits.
From ugandaonline.net
Why it matters
The discussions aim to strengthen trade ties between Uganda and the United Arab Emirates, while leveraging infrastructure contributions from China. Uganda is seeking to diversify its export base to include various agricultural products.
From ugandaonline.net
Who's involved
- UgandaThe geopolitical state leading the diplomatic discussions regarding trade and infrastructure.
- United Arab EmiratesThe country identified as Uganda's largest export market, with which trade ties were discussed.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
The Ministry of Finance, Planning and Economic Development might facilitate trade diversification and attract infrastructure investment.
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The entities involved
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Uganda
country in East Africa
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United Arab Emirates
country in Western Asia
Related events
- Exporting goods is bringing more dollars into Uganda.
- Uganda is seeking investment from Egyptian investors.
- Partnership between Africa and the UAE focuses on trade and investment flows.
- A business forum was held in Kampala as South Sudan seeks to improve cross-border commerce with Uganda, a priority trading partner.
- Conflict increases uncertainty and import costs in Uganda, prompting Henry Musasizi to urge calm amid shilling depreciation.