Thursday, May 2, 2024

Uganda Tries to Reduce Huge Trade Deficit with China

 Uganda's Presidential Advisory Committee on Exports and Industrial Development (PACEID) posted on 30 April 2024 an article titled "PACEID Roots for Market Entry of Ugandan Products into China" by Victor Musiimenta.

A trade delegation from Uganda visited China in April to promote exports there.  Uganda has duty free entry into China for more than 90 percent of its agricultural products but exported less than $100 million in all goods to China in 2023.  By contrast, China exports more than $1.3 billion in goods annually to Uganda, leaving a huge trade deficit for Kampala.