Uganda’s strategic location, coupled with the relative stability that the country has enjoyed over the past 31 years, makes it a gateway for regional trade and investments into the East African sub region. The economy of Uganda has experienced a steady and positive growth as a result of policy reforms. This has led to improved macroeconomic performance and created a conducive environment for business. These reforms have been characterized by reduction in inflation, fairly stable exchange rates, relatively low interest rates and economic growth. FDI inflows to Uganda were at 1,057.3 million dollars in 2015 making Uganda an attractive investment destination in East Africa. (World Investment Report 2016).
Export Opportunities in COMESA Region
The Common Market for Eastern and Southern Africa (COMESA) is a Regional Integration grouping of African States which have agreed to promote regional integration through trade development and to develop their natural and human resources for the benefit of their people.
- 19 member countries
- 400 million people.
Regional Market populations
- Uganda – 35 million
- East Africa – 145 million
- Great Lakes Region – 300 million
Preferential access to global markets
- The US market under African Growth and Opportunity Act (AGOA)
- The European Union (EU) market under Economic Partnership Agreement (EPAs)
- China – Preferential Treatment of Exports
- The Generalised System of Preferences (GSP)