The Government of Uganda has been advised to revisit all regional trade treaties.
This was after the Parliament’s Trade, Tourism and Industry Committee submitted its report to the Parliamentary Budget committee showing that Uganda’s trade has declined in the from financial years 2017/18 to 2019/2020.
According to the report, Uganda has registered a trade deficit of 13% of her exports mainly attributed to the rejection of Ugandan products by East African regional countries mainly Kenya, Tanzania and Rwanda.
Among the products greatly affected include Milk, poultry products, Maize, sugar among others.
Against the above background, Committee members led by James Kakooza asked the Committee chair Patrick Isiagi to recommend to the government that all regional or international protocols and agreements be revised to boost Uganda’s trade.
Meanwhile the same committee has discovered that the Atiak sugar factory is operating under capacity.
The factory is said not to be having enough sugar canes to process sugar and it operates once a week yet the government has injected in tax payers money bringing its share holdings at 40%.
According to the report, Soroti fruit factory doesn’t have capacity to absorb all fruits grown in the area.