Business
Uganda’s Cotton exports to increase, thanks to WTOPublish Date: Apr 15, 2014
Uganda’s Cotton exports to increase, thanks to WTO
  • mail
  • img
The Minister of Trade, Industry and Cooperatives, Amelia Kyambadde
newvision

By Prossy Nandudu

Cotton exports from Uganda are set to increase once the recommendations by trade ministers in the Bali 9th ministerial conference are implemented.

 
One of the recommendations was to help revive the cotton sector through funding to increase production to benefit from the market from List Developed Countries (LDC) who are members of the World Trade Organization (WTO).
 
This was revealed by the minister of trade, industry and cooperatives, Amelia Kyambadde in a brainstorming meeting about the conference at the Sheraton Kampala Hotel on Tuesday.
 
Kyambadde said that there have been restrictions in the cotton sector when it comes to exporting as result of decline in quality and production.
 
“In this meeting ministers agreed that since sector in Uganda would be supported if possible with a fund to improve the production capacity and quality controls to gain a guaranteed market among LDC members and beyond,’ said Kyambadde.
 
She said that Uganda was the lead exporter of quality cotton some years back, but this has since dropped.
 
“Since we are the chairing WTO this year, we shall make sure that the agreement is implemented so that we can earn as a country more from cotton exports just like other crops,” added Kyambadde.
 
The ministers also agreed to remove all barriers that had been stopping some commodities from member countries like cotton and other agricultural products to access their markets.
 
Uganda’s cotton export earnings in 2013 dropped by 58.6percent due to a fall in the quantity of exported cotton. Cotton earnings declined from 76 million dollars in 2012 to 31.42 million dollars in 2013.
 
In Uganda most cotton producing areas are located in hard to reach areas which contributes to poor and less production
 
The Uganda Cotton Ginners and Exporters Association (UCGEA) say the main problem, affecting cotton exports is that it’s mainly exported in the raw form.
 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
URA to collect tax on rented houses, properties
Uganda Revenue Authority has revealed that it will soon begin collecting tax on all rental houses and properties within urban areas....
Danish agribusiness concept to revive farming in Uganda
There is something intriguing about Denmark. A country with so many world records, one of its outstanding ones include ranking first in government transparency and lack of corruption. There are more, like having the world’s happiest population, the world’s highest minimum wage, lots more....
More investments need to be plunged into the agricultural value chain for Uganda to achieve sustainable economic growth and development, Dr. Kisamba-Mugerwa, the chairperson of the National Planning Authority (NPA) has said....
Ethiopia connects Uganda to South Sudan
Traders and other organizations transacting business in South Sudan beaming with smiles of satisfaction after Ethiopian Airlines being granted permission to operate direct flights between Entebbe to Juba that are set to start next week....
Microsoft profit hurt by Nokia, but revenues jump
Microsoft has said its profits have taken a hit from its newly acquired Nokia phone division but that revenues have got a strong lift from cloud services....
UIA partners with UNRA to develop roads in industrial parks
SINCE opting for the private sector-led growth strategy to spearhead the attainment of Uganda’s growth and development aspirations, the government has, beyond its traditional policy and regulatory role...
Should government review powers of kings?
Yes
No
Can't Say
follow us
subscribe to our news letter