Xinhua
19 Apr 2025, 17:15 GMT+10
Ugandan President Yoweri Museveni has said the country will prioritize African markets following the United States' decision to impose a 10 percent tariff on imports from most countries.
KAMPALA, April 19 (Xinhua) -- Ugandan President Yoweri Museveni has said the country will prioritize African markets following the United States' decision to impose a 10 percent tariff on imports from most countries.
In a speech shared by the state-owned Uganda Broadcasting Corporation on Thursday, Museveni said Uganda already has alternative markets for its exports.
"Trump has put a tax, what shall we do? You have Africa, work on Africa," Museveni said, emphasizing the continent's vast geographic size and large population.
"In the next 30 years, the population of Africa will be the biggest in the world. It will be one quarter of the human race," the president said.
Earlier, Odrek Rwabwogo, chairman of the Presidential Advisory Committee on Exports and Industrial Development, told local media that Uganda is already diversifying its export destinations, with promising prospects in Europe and Asia.
Britain has shown strong demand in the grain and coffee sectors, Rwabwogo said, adding that with Uganda Airlines set to launch flights to the European country this or next month, there are hopes of expanding market access for Ugandan products -- not only coffee but also grains and bananas, which are already being exported there.
According to the Office of the U.S. Trade Representative, total goods trade between the United States and Uganda reached 238.9 million U.S. dollars in 2024, with Uganda exporting 132.6 million dollars worth of goods to the United States and importing 106.3 million dollars.
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationBEIJING, China: China will raise battery safety standards for electric and plug-in hybrid vehicles, aiming to tackle fire and explosion...
HANOI, Vietnam: During Chinese President Xi Jinping's visit to Hanoi this week, China and Vietnam agreed to take the first steps toward...
FORT WORTH, Texas: American Airlines will begin offering free high-speed Wi-Fi to passengers in January 2026, joining a growing list...
LONDON, UK: Electric vehicle sales surged globally in March, with strong growth in China and Europe offsetting slower momentum in North...
New York City: New York: Goldman Sachs has signaled a prolonged downturn in oil prices, forecasting a steady decline through the end...
NEW YORK, New York - U.S. stocks were volatile again Friday as President Donald Trump blasted Federal Reserve chair Jerome Powell for...
This photo, taken on March 31, 2024, shows a city view of Kampala, Uganda. (Xinhua/Li Yahui) Ugandan President Yoweri Museveni has...
Sharjah [UAE], April 18 (ANI/WAM): In the presence of Prince Moulay Rachid of Morocco and Sheikha Bodour bint Sultan Al Qasimi, Chairperson...
New Delhi [India], April 18 (ANI): Union Minister for Electronics and Information Technology, Railways, and Information and Broadcasting...
New Delhi [India], April 16 (ANI): Noting that a large section of the Muslim community is wholeheartedly welcoming the Waqf Amendment...
The broadcaster should lose its license for pushing biased narratives, the US president insists CBS News must have its broadcasting...
The broadcaster should lose its license for pushing biased narratives, the US president insists CBS News must have its broadcasting...