Export strategy coming
Nov 23, 2006
UGANDA will launch a national export strategy formulation process next month to step up efforts to improve the export sector.
By Alice Kiingi
UGANDA will launch a national export strategy formulation process next month to step up efforts to improve the export sector.
The Uganda Export Promotion Board (UEPB) said there was an impressive average export growth rate of 11% per year but the structure and terms of trade of the exports remained low. It said the sector lacked strength.
“While the growth rate is quantitatively impressive, the terms of trade of the exports remain qualitatively unimpressive and the sector is lacking in strength to generate high foreign exchange, create more employment, and contribute to poverty eradication in the country,†UEPB said in a statement said.
UGANDA will launch a national export strategy formulation process next month to step up efforts to improve the export sector.
The Uganda Export Promotion Board (UEPB) said there was an impressive average export growth rate of 11% per year but the structure and terms of trade of the exports remained low. It said the sector lacked strength.
“While the growth rate is quantitatively impressive, the terms of trade of the exports remain qualitatively unimpressive and the sector is lacking in strength to generate high foreign exchange, create more employment, and contribute to poverty eradication in the country,†UEPB said in a statement said.