Head of the Commercial Office in Kampala: $ 100 million Egyptian exports to Uganda annually

Published 2021년 4월 8일

Tridge summary

The article highlights the growth of Egyptian exports to Uganda, which has increased from $ 60 million to $ 100 million annually. However, the value of Ugandan imports from Egypt remains low at $ 7 million. The Ugandan government is encouraging local manufacturing and attracting foreign investment, leading to a reduction in imports. The government is also considering imposing duties on certain goods, which could impact Egyptian exports. The Egyptian Commercial Office in Kampala is working to expand business opportunities and suggest that Egyptian companies establish warehouses in Uganda to improve product availability. The office is also planning a promotional mission and exhibition of food products in Uganda to explore investment opportunities.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ahmed Seif El-Nasr, head of the Egyptian Commercial Office in Kampala, Uganda, said that the value of Egyptian exports to the Ugandan market annually currently reaches about $ 100 million, instead of $ 60 million for 3 or 4 years. He explained during the electronic seminar organized by the Export Council for Food Industries today, that the value Egypt's imports from Uganda do not exceed $ 7 million, represented in raw materials, tea, coffee and fish, as well as some varieties of fruit such as pineapple and avocados. Saif Al-Nasr indicated that the Ugandan government has made a trend since last year to reduce imports, deepen local manufacturing and attract foreign investment. In light of the existence of a trade deficit of about 4 billion dollars, as it exports 3 billion dollars and imports about 7 billion dollars, noting that the repercussions of Corona have supported this continuing trend until now, adding that for this it may exclude some goods and products from COMESA ...

Source: Amwalalghad