UGANDA, EU AGREE TO INCREASE TRADE
The European Union and Uganda have agreed on the need to increase trade and investments between them because the current environment is favorable.
While the EU is Uganda’s largest single source of foreign direct investment and tourists, trade between the two is worth about 1.5 billion Euros, as per the 2022 statistics.
On a positive note for Uganda, her exports account for 800 million dollars against imports worth 700 million, a rare trade balance of trade position for the country.
