ALGERIA, UGANDA SIGN TRADE AGREEMENTS.

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  • The president of Uganda went on a 3-day visit to Algiers, during which two agreements and five MoUs were signed.
  • Algeria had shown a willingness to buy powdered milk worth $500 million and Uganda in turn will buy animal health drugs and others.
  • There will be improvements in production and quality of products to match the market requirements.

 

 

The president of Uganda, Yoweri Museveni was in Algiers for a 3-day visit, and during his meeting with the delegations, it was revealed that at least 150 Algerian representatives of private and public organizations are to visit Uganda soon to explore available business opportunities. During the course of the visit, two agreements and five memoranda of understanding were signed between the two countries.

 

 

In light of partnering together and growing the resources of Africa, the two countries have decided to partner up. Museveni said “We discussed issues on growing the prosperity of Africa; agreed to work together in the areas of trade, energy, education, agriculture, and counter-terrorism where they have experience in this, just like us. We are looking at powdered milk which is already coming here, coffee, tea, and then products from Algeria of petroleum and petrochemicals.” Uganda is hoping to increase its agricultural exports to Algeria.

 

 

Algeria had also shown a willingness to buy powdered milk worth $500 million from Uganda, this was announced late last year after a meeting with the Algerian ambassador to Uganda. Frank Tumwebaze, the minister of Agriculture, Animal Industry, and Fisheries said apart from milk, the MoUs signed cover several other items, like education, animal health, oil and gas, tourism, and trade. “They will buy our powdered milk and coffee and later bananas. We shall in turn buy from them animal health drugs and others,” he said.

 

 

There will also be improvements in production and the quality of products in order to match the requirements of the market, this was confirmed by Tumwebaze. He further stated “Worry not anymore about the market for our dairy. The only condition is to perfect our value chain standards which so far have been approved!”

 

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