Uganda Expands Trade Horizons, Launches New Hubs and Forges Stronger Ties with Serbia and the Balkans for Enhanced Agricultural Export and Processing
Africa in 2019 just before COVID-19 induced lockdowns exported USD421bn and received USD31b in development assistance and USD40bn in FDI. Uganda lies somewhere small in these figures and it shows you how much exports dwarf aid only if we can focus. This export level is still so small for a group of human beings (Africans) who constitute 17% of the world population. Even worse the concentration of these exports is just simply commodities – minerals, oil and agricultural products that are unprocessed. This is why we keep awake driving export growth for Uganda and we will go anywhere, meet every criticism and work with joy; for we are called in our time to fix some things not to lament.
This is why I thank the partnership we have developed with Serbia and the Balkans to ensure that processing of coffee, handling of fresh fruits and vegetables and other products is done at the entebbe free zones area and make it easier to ship in bulk. The Hon. Ivica Dacic, foreign minister for Serbia and its former PM, came to the free zones to inaugurate the start of the hub at entebbe and called on the free zones authority. I thank Bratislav Stoiljkovic, our trade representative who is opening a third Uganda connect trade hub to make our products known and accessible from Uganda. Mr. Mark Pursey, our Trade Representative in UK will too be opening a hub in London this year as we prepare for the Africa- UK summit.
These efforts make our country come out of woodworks on trade and export matters. We are way behind in how nations compete and are instead locked in shallow peripheral political conflicts instead of focusing on what builds us as a country. PACIED target is 25 trade hubs across the world in the next ten years. This will attract technology and skills, capital investments and develop better supply chains for our products.
In the last decade exports of agricultural products that are of high value have grown only one percentage points yet the continent grows at 3% of GDP and her population at 2.5%! If this doesnât shock people into reality, what will in terms of what needs to be done to keep Africa stable and growing?
So yesterday we articulated Ugandaâs trade policy to the Serbian government delegation as:
1) We will offer tax and infrastructure incentives in return for removal of taxes on Ugandan products into Serbia and the Balkans.
2) We will insist on assembly and manufacturing of agricultural equipment such as coffee machines and processing of juices instead of export raw products to them.
3) We will help with the logistics and supply chain improvements, packaging and packing materials in return for them to process portions of the products here.
4) We will appoint an Honorary consul who will drive trade and not the ones who drink champagne and sell hardware to our country. We will be intentional on growing this trade relationship by signing a new bilateral agreement this year to capture these elements.
Thank you.