World Bank tells Uganda to look for trade outside EAC
Uganda, Dec. 16 -- The World Bank has said Uganda, while it needs to maximise trade within East Africa, must improve in a number of areas that will help the country to benefit from large markets such as the Africa Continental Free Trade Area (AfCFTA).
Speaking at the launch of the 20th edition of the Uganda Economic Update in Kampala yesterday, Ms Sashana Whyte, the World Bank Senior Economist, said Uganda needs to reduce or totally remove ad-hoc tariff increases as well as boost agricultural productivity to benefit from continental trade.
"Policy makers must focus on implementing policies designed to maximise the potential of regional trade," she said, noting that government has made limited progress since 2013, when the first economic...
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