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Uganda’s President Yoweri Museveni has appealed to China to expand market access for the country’s finished goods, emphasizing the importance of trading in processed products rather than raw materials.
President Museveni made the plea on Wednesday during a meeting with a delegation from the National People’s Congress (NPC) of China, led by the standing committee’s Deputy Chairman Luosang Jiangcun at state house Entebbe.
In a statement released by state house on Thursday, President Museveni highlighted significance of China’s market for Uganda’s prosperity, urging for an increased focus on finished products.
He also commended China for currently allowing 400 products to enter their country without tax and limit, emphasizing the vital role of such support in boosting economies.
“Africa’s challenge has been the export of raw materials, resulting in less income and job loss. It is important for China and Africa to engage in trading finished products more,” President Museveni said.
Reflecting on the historical support from China, the president acknowledged China’s continuous assistance to Africa’s development since 1949 and applauded the Asian superpower nation for funding projects in Uganda including hydropower dams, the expressway, and cooperation with Huawei on the internet backbone.
Luosang expressed gratitude for Museveni’s commitment to China-Africa friendship and cooperation, commending his leadership in promoting peace and development in Africa. – The East African
Online Reporter