Africa Continental Free Trade Area is good for Uganda – Hon Amelia Kyambadde.

759
2125
A group photo of delegates at the Uganda National Consultative Forum On The Africa Continental Free Trade held today - 31st October, 2019 at Golf Course Hotel, Kampala

Our Reporter.

Hon Amelia Kyambadde, the cabinet minister for Trade, Industries and Cooperatives has noted that the Africa Continental Free Trade Area will come with more benefits for Uganda, East Africa and the entire continent.

Hon Amelia Kyambadde said this during the Uganda National Consultative Forum On The Africa Continental Free Trade held today at Golf Course Hotel, Kampala. The workshop was organized by TradeMark East Africa and United Nations Economic Commission for Africa (UNECA).

Below is her full speech.

I thank you for inviting me to this important Forum whose deliberations will benefit the public sector; private sector, NGOs, Development Partners and the Academia.  sincere appreciation to UNECA and TMEA for this initiative.

Hon Amelia Kyambadde, the minister of Trade, Industries and Cooperatives speaking at the Uganda National Consultative Forum On The Africa Continental Free Trade at Golf Course Hotel, Kampala.

Regionalism is an agenda of the Government of Uganda and is entrenched in our institutional and Legislative Framework. The 2008 National Trade Policy of Uganda for example prioritizes market integration as key for economic development of Uganda.

The Vision of the National Trade Policy is to transform Uganda into a dynamic and competitive economy in which the trade sector stimulates the productive sectors; and to trade the Country out of poverty, into wealth and prosperity.  To achieve this vision, market integration (Regionalism) becomes key as it will provide market opportunities for trade growth and development, stimulates investments especially, in the form of Foreign Direct Investment (FDI) as well as local investment which are all drivers for growth and development for any economy.

The National Export Development Strategy (NEDS) prioritizes the African market; and our entry strategy into this market is Regional Integration using the existing Regional Economic Communities as building blocks for the African Continental Free Trade Area (AfCFTA).

Our discussion of the AfCFTA today is therefore, taking place at the right time and so much in line with the priorities of Government of Uganda.

What the AfCFTA is

The AfCFTA is an agreement that integrates the economies of all the 55 African countries.  Under the AfCFTA members have committed to liberalize trade among parties covering trade in goods and services. The parties to the AfCFTA have a combined GDP of over USD 2.255 trillion, population of over 1.3 billion people, which makes it the largest FTA in the world.

The Agreement entered into force on 30th May and so far 28 Countries (including Uganda) have ratified and deposited their instruments with the African Union.

The institutional mechanism for operationalization of the AfCFTA has already been put in place;

  • The Secretariat will be hosted by Ghana in Accra
  • The Council of Ministers of Trade held its Inaugural Meeting on 25th October, 2019 in Addis Ababa and decided on the establishment of supporting structures namely the Committee on Trade in Goods and the Committee on Trade in Services
  • The Secretary General of the AfCFTA Secretariat and Structure of the Secretariat to be approved by the Assembly of Heads of State and Government in February 2020

 Scope of the AfCFTA Agreement

The structure of the agreement is designed in two phases:

  1. Phase I covers Trade in Goods and Trade in Services
  2. Phase II will cover investment, competition and Trade Related Intellectual Property Rights

Africa has many prospects: Mineral beneficiation, Agriculture, Oil & Gas, youths as a Resource, tourism and we must develop them.

Government Strategy on Market Access for Ugandan Goods and Services

  1. Capacity Building for the Private Sector take advantage of these market opportunities;
  2. Provision of the necessary trade infrastructure e.g. affordable electricity, improved road network to ease logistics,
  • Implementation of trade facilitation measures such as Electronic Single Window; Electronic Cargo Tracking; One Stop Border Posts; Non-Tariff Barriers (NTBs) identification and removal mechanism, Yellow Card Scheme and the Border Export Zones, among others.

Government of Uganda appreciates the support received from key Development Partners such as; TradeMark East Africa (TMEA), European Union (EU), United Nations Conference on Trade and Development (UNCTAD), and others in implementing these measures.

Infrastructure development – internet; roads, rail and air.

Safeguards within the AfCFTA

The Pact provides a mechanism for protection of infant industries as well as sensitive sectors; and measures to deal with any related Balance of Payment challenges. In cases of surges of imports, subsidization, dumping; trade remedies provisions will apply.

Benefits of AfCFTA for Uganda

Market access: We expect the AfCFTA to provide Uganda with meaningful market access especially, in West Africa particularly in the sectors of dairy cereals, coffee, tea, products of the milling industry, vegetables, plastics, and beef among others.

Regional Peace and stability:  It is important to note that regional integration is not only good for trade, but regional peace and stability as well. Economic stability too is key.

Joint infrastructure development: an essential element of boosting the much-needed intra-African connectivity.  Examples include; Oil and Gas pipelines (EAC), Railway network (Cape – Cairo Transcontinental Railway Network and Mombasa – Lagos Railway), road infrastructure, airlines and air inter-connectivity.

Capacity building: To roll out to all Sectors.

Conclusion.

I urge the Private Sector to prepare accordingly with a view of taking full advantage of the opportunities that these market openings provide.  I, will continue having engagements with the Private Sector mainly through their Associations such as; PSFU, UMA, USSIA, KACITA e.t.c. to ensure that we benefit from the AfCFTA.

Government has already launched an Inter-Ministerial Committee chaired by the Ministry of Trade, Industry & Cooperatives to identify our priority export markets and products within the AFCFTA. This Committee working with private sector will address itself to solving the challenges to fully harness the AfCFTA, such as; limited production; inability to meet standards requirements; bureaucratic tendencies by relevant Agencies;  inter-connectivity gaps; mindset change; language barrier; and financial constraints; climate change, Gender insensitivity, Governance issues; Dependency Syndrome; demographic dividend (Youth – 65%); cultural diversity e.t.c.

We will also aggressively continue engaging the electronic & print Media for information about the AfCFTA and the opportunities it creates.

Our Strategy will involve having focused bilateral engagements with other Member States where the trade creation potential of the AfCFTA is high.

As I conclude, I foresee better inter-connectivity amongst the Member States; growth and emergence of more industries; broader scope of organized entrepreneurship development on the Continent; powerful Continental negotiation body as far as Trade Pacts with other Global  Economic Blocs are concerned; and development of  Regional Value chains.

“I see more opportunities in Africa than any other Continent in the next 10 years.” – Dangote

I applaud TMEA and UNECA who undertook the study and have, subsequently organized this important Forum which will give us an insight into addressing some of the pending issues in the negotiations.

759 COMMENTS

  1. Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

  2. I’m truly enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme? Outstanding work!

  3. Taxi moto line
    128 Rue la Boétie
    75008 Paris
    +33 6 51 612 712  

    Taxi moto paris

    What’s up it’s me, I am also visiting this
    site daily, this web page is truly good and the people are
    really sharing nice thoughts.

  4. I was wondering if you ever considered changing the page layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 pictures. Maybe you could space it out better?

  5. Hey! I understand this is sort of off-topic but I had to ask. Does managing a well-established website like yours require a large amount of work? I’m completely new to blogging however I do write in my journal everyday. I’d like to start a blog so I will be able to share my own experience and feelings online. Please let me know if you have any ideas or tips for new aspiring bloggers. Thankyou!

  6. Hi there, i read your blog from time to time and i own a similar one and i was just curious if you get a lot of spam responses? If so how do you protect against it, any plugin or anything you can advise? I get so much lately it’s driving me mad so any support is very much appreciated.

  7. Hello there! I could have sworn I’ve visited this site before but after going through a few of the posts
    I realized it’s new to me. Nonetheless, I’m definitely
    happy I discovered it and I’ll be bookmarking it and checking back regularly!

  8. Hi there! I realize this is kind of off-topic however I had to ask.
    Does building a well-established blog like yours take a lot
    of work? I am brand new to blogging but I do write in my diary on a daily basis.
    I’d like to start a blog so I can share my personal experience and feelings online.
    Please let me know if you have any recommendations or tips for new aspiring blog owners.
    Appreciate it!

  9. Thanks for your suggestions. One thing I’ve noticed is the fact that banks as well as financial institutions really know the spending routines of consumers as well as understand that many people max away their own credit cards around the vacations. They sensibly take advantage of this particular fact and begin flooding your own inbox as well as snail-mail box along with hundreds of Zero APR credit card offers right after the holiday season finishes. Knowing that if you’re like 98% of all American open public, you’ll leap at the opportunity to consolidate credit debt and move balances to 0 annual percentage rates credit cards. feeeegj https://headachemedi.com – best Headache medications

  10. Thanks for your ideas. One thing I have noticed is that banks and financial institutions know the spending habits of consumers and understand that a lot of people max out there their own credit cards around the holiday seasons. They prudently take advantage of this kind of fact and begin flooding the inbox and also snail-mail box together with hundreds of Zero APR card offers immediately after the holiday season comes to an end. Knowing that in case you are like 98% of all American open public, you’ll hop at the possiblity to consolidate personal credit card debt and move balances for 0 interest rates credit cards. hhhggil https://thyroidmedi.com – thyroid pain drugs

  11. Thanks for your ideas. One thing I have noticed is that banks and financial institutions know the spending habits of consumers and understand that most people max out their credit cards around the holidays. They wisely take advantage of this fact and start flooding your inbox and snail-mail box with hundreds of 0 APR credit card offers soon after the holiday season ends. Knowing that if you are like 98% of the American public, you’ll jump at the chance to consolidate credit card debt and transfer balances to 0 APR credit cards. baaaaaa https://stomachmedi.com – buy stomach pain meds

  12. Thanks for your concepts. One thing we’ve noticed is banks along with financial institutions are aware of the spending practices of consumers while also understand that most of the people max out there their real credit cards around the getaways. They properly take advantage of this specific fact and commence flooding your current inbox along with snail-mail box using hundreds of no-interest APR card offers just after the holiday season comes to an end. Knowing that should you be like 98% of American community, you’ll rush at the possiblity to consolidate card debt and shift balances for 0 apr interest rates credit cards. ihhhgjl https://pancreasmedi.com – what to take for stomach pain

  13. Thanks for your recommendations on this blog. A single thing I would want to say is purchasing electronic devices items from the Internet is certainly not new. The truth is, in the past several years alone, the marketplace for online electronic devices has grown noticeably. Today, you will discover practically almost any electronic system and devices on the Internet, including cameras along with camcorders to computer elements and game playing consoles. https://hairlossbimedi.com – hair loss drugs for sale

  14. I really wanted to send a simple remark to say thanks to you for the remarkable strategies you are sharing on this site. My rather long internet research has finally been recognized with really good know-how to talk about with my great friends. I would repeat that most of us visitors are undoubtedly fortunate to exist in a really good site with so many perfect people with useful strategies. I feel somewhat happy to have seen your webpage and look forward to so many more exciting moments reading here. Thanks once again for all the details. https://bronchitismed.com most common antibiotic for bronchitis

  15. I discovered more something totally new on this weight reduction issue. 1 issue is that good nutrition is extremely vital whenever dieting. An enormous reduction in fast foods, sugary meals, fried foods, sugary foods, red meat, and whitened flour products might be necessary. Keeping wastes unwanted organisms, and poisons may prevent objectives for losing weight. While particular drugs briefly solve the issue, the unpleasant side effects aren’t worth it, plus they never provide more than a short-term solution. It’s a known proven fact that 95% of dietary fads fail. Thank you for sharing your opinions on this weblog. https://osteoporosismedi.com best osteoporosis medications

  16. What i do not realize is in fact how you are no longer really a lot more well-liked than you might be now.
    You are so intelligent. You know thus significantly with regards to
    this matter, made me for my part consider it from numerous varied angles.

    Its like women and men don’t seem to be fascinated except
    it’s something to accomplish with Lady gaga! Your personal stuffs great.
    Always maintain it up! games ps4 allenferguson games ps4

  17. Howdy I am so excited I found your blog page, I really
    found you by accident, while I was looking on Aol for something else, Anyways I am here now and
    would just like to say thanks a lot for a fantastic post and a all round
    enjoyable blog (I also love the theme/design), I don’t
    have time to go through it all at the moment but I
    have book-marked it and also added in your RSS feeds, so when I have time I will be back to
    read more, Please do keep up the awesome job.

    Also visit my site; LakiaHStasko

  18. Hi! I just wanted to ask if you ever have any trouble with hackers?
    My last blog (wordpress) was hacked and
    I ended up losing many months of hard work
    due to no backup. Do you have any methods to prevent hackers?

  19. Hello! Quick question that’s completely off topic. Do you
    know how to make your site mobile friendly? My site looks weird when browsing
    from my iphone. I’m trying to find a theme or plugin that
    might be able to resolve this issue. If you have any suggestions, please share.

    With thanks!

  20. Hello just wanted to give you a quick heads up. The text
    in your post seem to be running off the screen in Safari.
    I’m not sure if this is a formatting issue or something to do with browser compatibility but I figured I’d post to let you know.

    The design and style look great though! Hope you get the
    issue fixed soon. Thanks

  21. Hola! I’ve been reading your blog for some time now and finally got the courage
    to go ahead and give you a shout out from Kingwood Texas!
    Just wanted to say keep up the excellent work!

  22. What are the most common fertility clomid for men medications? Ordinary fertility medication at a peep Clomiphene, or Clomid is instances the first treatment for amiable infertility to seduce ovulation. Injectable hormones may be recommended to whip or control ovulation as a avenue of treating a number of infertility problems. Other fertility drugs may be prescribed to regulate hormone or blood levels that correspond with a fertility problem.

  23. What’s up everybody, here every one is sharing these kinds of knowledge, therefore
    it’s fastidious to read this weblog, and I used to pay a visit this weblog all the time.

  24. My brother suggested I might like this blog.
    He was entirely right. This post truly made
    my day. You can not imagine just how much time I had spent for this info!
    Thanks! asmr 0mniartist

  25. I blog often and I seriously appreciate your content.
    This great article has truly peaked my interest. I’m going to book mark your site and keep checking for new information about once a week.
    I opted in for your Feed as well. asmr 0mniartist

  26. Hello! I could have sworn I’ve been to this blog before but
    after browsing through a few of the posts I realized it’s new to me.

    Anyhow, I’m certainly happy I discovered it and I’ll be bookmarking it and checking back often! 0mniartist asmr

  27. Hello! Do you use Twitter? I’d like to follow you if that would
    be okay. I’m undoubtedly enjoying your blog and look forward to new
    posts. asmr 0mniartist

  28. Hmm it looks like your site ate my first comment (it was super long) so I guess I’ll just sum it up what I had written and
    say, I’m thoroughly enjoying your blog. I as well am an aspiring
    blog writer but I’m still new to the whole thing.
    Do you have any suggestions for beginner blog writers?
    I’d definitely appreciate it.

  29. After looking over a handful of the blog posts on your site, I seriously
    like your technique of writing a blog. I book marked it to
    my bookmark webpage list and will be checking back
    in the near future. Take a look at my web site as well and let me know how you feel.

  30. Having read this I thought it was really informative.
    I appreciate you taking the time and energy to put this information together.
    I once again find myself spending way too much time both
    reading and leaving comments. But so what, it was still worth it!

  31. I seriously love your blog.. Excellent colors & theme. Did you build this amazing site yourself? Please reply back as I’m looking to create my own site and would like to learn where you got this from or just what the theme is named. Many thanks!

  32. Outstanding post however I was wanting to know if you could write a litte more
    on this subject? I’d be very thankful if you could elaborate a little bit further.
    Many thanks!

  33. Hi there, this weekend is pleasant in favor of me,
    because this point in time i am reading this enormous informative article here at my residence.

LEAVE A REPLY

Please enter your comment!
Please enter your name here