PRESIDENT Yoweri Museveni was on Friday afternoon expected to officially launch Apparels Tri-Star (Uganda) Limited, a company born by the African Growth and Opportunity Act (AGOA) initiative.
Steven Odeu reports that the ceremony marks the official launching of the apparel garment exporter, following the commissioning of the centre by the President last July.
Tri-Star at Bugolobi in the former Coffee Marketing Board (CMB) premises, is owned by a Sri Lankan businessman, Kumar Dewapura, and is expected to be a major exporter of textile products to the United States AGOA.
The initiative gives specific Sub -Saharan Africa products duty free and quota-free access to the American markets.
Museveni has often maintained that the most important instrument for African economic emancipation is tariff-free access of African goods to the American market.
The AGOA initiative allows African goods to compete in the US market. The president will also flag off another consignment of textile products to America.
In December, Museveni flagged off 164,000 pieces of menâ€™s pair of shorts to America. It was the first textile export under AGOA since Tri-Star was established early last year.
The company currently employs over 1,000 young women.
Museveni Launches Apparel Tri-Star