Uganda boosts trade partnership with Ethiopia
President Yoweri Museveni over the weekend directed the minister of trade Amelia Kyambadde to identify items that Ugan ...
The political leaders of Uganda and Ethiopia have asked their trade ministers to identify items that can be exported and imported between the two countries to boost trade and investment.
President Yoweri Museveni over the weekend directed the minister of trade Amelia Kyambadde to identify items that Uganda can export to Ethiopia and make initiatives to enhance the exports.
This was during the three day state visit to Uganda of the Prime Minister of Ethiopia Hailemariam Desalegn. This was during function took place at State House Entebbe to welcome Desalegn. The two leaders observed that a number of cooperative frameworks had been signed between the two countries but their implementation was behind schedule.
A communiqué issued after a tete- a- tete by the two leaders observed that trade between the two countries need to be prioritized.
"They observed that trade between the two countries needs to be enhanced. They agreed to finalise negotiations of a trade agreement to promote trade and encourage inter Ethiopia-Uganda investments. They directed their ministers to identify the obstacles to trade, negotiate and conclude the agreement on trade, investment promotion and protection," read the communiqué.
During the meeting the two countries signed Memoranda of Understanding (MoU) on education and sports and women and children. The Ugandan state minister for primary education Rosemary Sseninde and the Ethiopian minister for youth and sports, Restu Yerda, signed the MoU on youth and sports.
The labour, gender and social development minister, Janat Mukwaya, and the Ethiopian minister for women and children, Hambisa Demitu, signed the other MoU.
Desalegn said Ethiopia was growing fast because it adopted the Asian model of development, where the Asian countries learn from one another and try not to leave their sister nations behind.