Uganda has viable trade opportunities - Singapore minister

Uganda has viable and abundant opportunities for bilateral trade, Singapore minister of state for trade and industry has said.

Dr Koh Poh Koon said he was impressed by many trade opportunities that Uganda has and looks forward on how his country can share bilateral trade experience.

He said Singapore is committed to improving bilateral trade relations to better the standard of living of the two countries.

Koh also discussed with Minister of Trade, Industry and Cooperatives Amelia Kyambadde on how to avoid double taxation agreement and exemption of tax on certain types of income

He said trade opportunities in overseas markets remain important to Singapore adding that the purpose of his visit to Uganda is to discuss the different trade opportunities available.

He was accompanied by a Singapore delegation comprising officials from, International Enterprise Singapore and Cooperation Enterprise, as well as representatives from 11 Singapore companies.

In an  interview with New Vision  at  Serena  Hotel, Dr Koh  Poh Koon   noted  that  Singapore  is contemplating  investing  in agriculture in Uganda  because  the  country is endowed  with  good  potential resources.

He said that East Africa has had impressive growth over the past decade and Uganda is at the centre of this region.

Minister Koh Poh Koon is visiting Uganda and Tanzania this   from April 25 to 29) to explore new business opportunities in the East Africa region.

"Singapore companies expanding overseas can consider markets further afield where there are new business opportunities to be seized. East Africa has recorded impressive growth over the past decade and Uganda is at the heart of this region,"Koh said.