Uganda to benefit from $ 300 billion agricultural commodity market in China

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Uganda will benefit from the “greenways” that the Chinese government has pledged to open, which will help African countries export agricultural products worth $ 300 billion ($ 1,069.5 trillion) to China. shillings) over the next three years.

This, according to Chinese State Councilor and Foreign Minister Wang Yi, will further increase the reach of African products as they will benefit from zero tariff treatment.

According to Yi, the deal will bring Africa’s total imports to China over the next three years to $ 300 billion.

Yi made the revelation during a meeting with Ugandan Foreign Minister General Jeje Odongo in Dakar, Senegal, Sunday, November 29, on the sidelines of the eighth ministerial conference of the Forum on China-Africa Cooperation (FOCAC ).

A statement from the Chinese Embassy in Uganda today quotes Yi; “China will open ‘greenways’ for African agricultural exports to China, further expand the reach of African products benefiting from zero tariff treatment, and strive to bring Africa’s total imports over the next three years to 300 billions of dollars. “

Yi said that all of these measures are poised to boost the growth of exports of African countries including Uganda to China and bring bilateral trade between China and Uganda as well as Africa in its together, to new levels.

Uganda and China enjoy cordial economic, social and political relations, with the Republic of China funding several multibillion shillings worth development projects in Uganda, particularly infrastructure development aimed at improving trade.


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