Uganda, EU bolster trade and investments

Summary:

  • The Uganda-EU Business Forum, slated for March 5th to March 7th, 2024, aims to bolster trade and investment ties between the two entities.
  • President Yoweri Kaguta Museveni will grace the occasion as the Chief Guest, emphasizing the significance of the event.
  • The forum, themed “Boosting Trade and Investments,” underscores Uganda’s potential gains from the EU’s Global Gateway initiative.
  • With Uganda’s exports to the EU reaching 800 million Euros and a balanced trade relationship, the forum highlights promising economic prospects.

The upcoming Uganda-EU Business Forum, scheduled from March 5th to March 7th, 2024, at the Speke Commonwealth Resort Munyonyo in Kampala, promises to be a pivotal event fostering trade and investment collaboration. This year’s theme, “Boosting Trade and Investments,” coupled with the sub-theme “What can Uganda gain from Global Gateway?” reflects the mutual commitment to harnessing economic opportunities.

European Union Ambassador to Uganda, Jan Sadek, underscores the significance of the forum, emphasizing Uganda’s potential benefits from the EU’s Global Gateway initiative. This initiative aims to stimulate investments in key sectors vital for sustainable growth, aligning with Uganda’s development goals. Ambassador Sadek notes the impressive trade balance between Uganda and the EU, highlighting the forum’s timely nature.

President Yoweri Kaguta Museveni’s presence as the Chief Guest underscores the forum’s importance, symbolizing Uganda’s dedication to strengthening ties with the EU. Joined by EU Deputy Director General for International Partnerships Ms Myriam Ferran, the forum will facilitate strategic discussions and collaborations.

State Minister of Finance for Investment and Privatization, Hon. Evelyn Anite, encourages investors to leverage the forum’s opportunities, affirming Uganda’s support for the event. The forum’s focus on key sectors such as Agribusiness, Sustainable Mining, Infrastructure, and Tourism underscores its relevance in driving economic growth.

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With an anticipated participation of over 1500 individuals, the forum provides a platform for dialogue and partnership. Representatives from various European nations are expected to engage, fostering cross-border alliances and investment opportunities.

In conclusion, the Uganda-EU Business Forum exemplifies a concerted effort to enhance trade and investment cooperation, heralding a new era of economic collaboration between Uganda and the European Union.

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