- Uganda is one of the 10 least-developed countries where China grants zero-tariff treatment to 98 percent of taxable items in its bid to reach 300 billion U.S. dollars in total imports from Africa in the next three years.
The Special Preferential Tariff Treatment of Ugandan Exports to China was recently unveiled at a public function in Kampala.
The expansion of the Special Preferential Tariff Treatment Zhang Lizhong, Chinese Ambassador to Uganda, said was the result of the commitments made by China at the Eighth Ministerial Conference of the Forum on China Africa Cooperation held in Senegal last year. As a result, ninety-eight percent of Ugandan goods can access the Chinese market at zero tariffs, starting from Dec. 1. Uganda is one among the 10 least-developed countries that China grants zero-tariff treatment to 98 percent of taxable items in its bid to reach 300 billion U.S. dollars in total imports from Africa in the next three years.
Pointing out the potential of exports of Ugandan exports to China, Francis Mwebesa, Minister for Trade, Industry and Cooperatives urged the Ugandan business to explore the Chinese market, especially products like coffee. He advocated closer cooperation between China and Uganda in sectors such as Science and technology and tourism.
Also read;
https://trendsnafrica.com/ugandan-goods-trading-more-outside-eac/
https://trendsnafrica.com/ugandas-public-debt-at-50-of-the-gdp/
Since 2010 China has been expanding tax-free access to a number of Ugandan goods. According to the data given by Uganda’s ministry of trade, industries and cooperative, China raised the zero-tariff line to 95 percent in 2013 from 60 percent in 2010. By 2015, it further went up to 97 percent.
