Uganda Mirror
  • Big Story
  • News
  • Crime
  • Gossip
  • Politics
  • Business
  • Sports
  • Love & Relationships
  • World
No Result
View All Result
SUBSCRIBE
Uganda Mirror
  • Big Story
  • News
  • Crime
  • Gossip
  • Politics
  • Business
  • Sports
  • Love & Relationships
  • World
No Result
View All Result
Uganda Mirror
No Result
View All Result
Home Business

Give Us Fair Trade & We Shall Develop — Museveni At Global Summit

admin by admin
2019/12/09
in Business
Reading Time: 3 mins read
0
Give Us Fair Trade & We Shall Develop — Museveni At Global Summit
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

For development to happen across the world, there must be fair global trade, President Museveni has said.

You might also like

Musasizi Orders UNOC To Break Budget Dependence As Uganda Nears First Oil

URA Expands EFRIS Net To 12 Business Sectors, Puts Non-Compliant Firms On Notice

Bank of Uganda Launches New FX Swap Curve to Boost Transparency in Uganda’s Currency Market

The President made the case for global prosperity yesterday (Monday) as he addressed the 9th Africa, Caribbean and Pacific (ACP) Group of States Summit in Nairobi, Kenya.

The two-day summit at the Kenyatta International Conference Centre, attended by several heads of state from the 79-member state group, is running under the theme, “A Transformed ACP: Committed to Multilateralism”.

Addressing the audience, President Museveni said, “The challenge in the globe in last 300 years has been unbalanced development. Since the Industrial Revolution in Europe, we have had development in some corners of the globe and underdevelopment in others.”

Whereas the discrepancy was being sorted with some third world countries like India getting out of poverty, the President noted, it was important that the push encompassed all countries.

“The expectation is that the whole world should get out of under-development and we work for global prosperity. It should be prosperity for all of us instead of having a small number of people who are prosperous and the majority who are in underdevelopment,” said the President.

He told the attentive audience that one of the tools to ensure this prosperity happens is to enforce fair trade.

“When we trade together, we stimulate growth in our respective countries. However in order to trade, we must have the basics. We must resolve the issues of infrastructure, cost of production, cost of money and the human resource,” he added.

The challenge for organisations like the ACP, the President observed, was to therefore create enablers of trade.

Citing Uganda’s case, the President said the country has a lot of potential, given that just 32 percent of its population was in the money economy.

“They have not maximised their potential and I know this is the case with most African countries,” he said. “We are therefore working to better this through commercial agriculture, building industries, supporting the services sector and tapping into ICT opportunities.”

President Museveni said once this was done, production would be massive, noting that Uganda was already experiencing over-supply of maize, milk, sugarcane and bananas.

“The internal market market is not enough, even the East African Market is not enough. Therefore, it is imperative that we about talk global trade. The ACP is right by emphasising multilateralism. It will cause prosperity in whole world,” he said.

A CASE FOR LINKAGE

Commenting about the subjects of the summit’s discussion; governance, social-economic transformation and climate change; the President said they should be discussed as a whole.

“These topics are linked because if you don’t encourage social-economic transformation of society, you cannot sustainably deal with issues of governance,” guided the President.

On climate change, the President observed that Uganda had recently suffered the wrath of the weather, with landslides and floods killing several people.

” This is partly because people go to wetlands for land for agriculture. Why don’t they go to industries? It is because they are not enough industries for them. That’s the linkage,” he said.

Some aspects of climate change, he said, are due to greed, especially in the North, where people are using bad methods of production and producing a lot of carbon dioxide but some of the problems are due to acute need for land for agriculture.

WE’RE ONE

President Museveni also discouraged the idea that Africa should be separated from the Caribbean.

“I don’t know where that idea came from. I don’t think it’s a good one. Why do we seperate ourselves from the African diaspora? The Caribbean, the US, Brazil these are part of the African Diaspora,” he said.

Earlier in the day, President Uhuru Kenyatta of Kenya was appointed chair of the ACP Group for a three-year tenure while Ambassador Georges Chikoti of Angola becomes the new secretary general.

Tags: Featured
Share30Tweet19
Previous Post

President Museveni Urges Musicians to Sing Songs That Portray Godly Values

Next Post

NAGIRINYA MURDER: Two Officers Demoted, Six Others Reprimanded

Recommended For You

Musasizi Orders UNOC To Break Budget Dependence As Uganda Nears First Oil

by Ritah Kengonzi
August 11, 2026
0
Musasizi Orders UNOC To Break Budget Dependence As Uganda Nears First Oil

Finance Minister Henry Musasizi has challenged the Uganda National Oil Company (UNOC) to develop alternative and sustainable financing mechanisms to reduce its dependence on direct government budget support...

Read moreDetails

URA Expands EFRIS Net To 12 Business Sectors, Puts Non-Compliant Firms On Notice

by Daniel Tumwebaze
August 11, 2026
0
URA Expands EFRIS Net To 12 Business Sectors, Puts Non-Compliant Firms On Notice

The Uganda Revenue Authority (URA) has widened the scope of businesses required to use the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), bringing 12 major sectors under mandatory...

Read moreDetails

Bank of Uganda Launches New FX Swap Curve to Boost Transparency in Uganda’s Currency Market

by Ritah Kengonzi
August 10, 2026
0
All Stolen Bank Of Uganda Laptops Recovered As Police Arrest Four Suspects

The Bank of Uganda (BoU) has introduced a new financial market benchmark designed to improve transparency around foreign currency funding costs and strengthen the efficiency of Uganda’s foreign...

Read moreDetails

Uganda Airlines Expands African Network With New Accra And Kigali Routes

by Daniel Tumwebaze
August 5, 2026
0
Uganda Airlines Expands African Network With New Accra And Kigali Routes

Uganda Airlines has announced the launch of two new African destinations—Accra in Ghana and Kigali in Rwanda—as the national carrier moves to strengthen regional connectivity and tap into...

Read moreDetails

Finance Ministry Pushes Enterprise Uganda To Go Digital As Government Deepens Private Sector Growth Agenda

by Daniel Tumwebaze
August 4, 2026
0
Finance Ministry Pushes Enterprise Uganda To Go Digital As Government Deepens Private Sector Growth Agenda

The Ministry of Finance, Planning and Economic Development has challenged Enterprise Uganda to accelerate its digital transformation and expand the delivery of entrepreneurship support services, in a move...

Read moreDetails
Next Post
NAGIRINYA MURDER: Two Officers Demoted, Six Others Reprimanded

NAGIRINYA MURDER: Two Officers Demoted, Six Others Reprimanded

Related News

David Owori Murder Probe Widens as Police Recover 137 Phones, Arrest Six Suspects

Owori Murder Probe Explodes: 17 Arrested As Police Uncover Paver-Wielding Gang Behind Kampala Attacks

17 hours ago
Bebe Cool Lands AFRIMMA Timeless Impact Nomination, Flies Uganda’s Flag Among Africa’s Music Greats

BEBE COOL DOUBLES UP: Kakebere, Shekete Videos Out This Friday

18 hours ago
VIDEO: Nightlife In Flames As La Gatos Lounge Is  Burnt To Ashes

VIDEO: Nightlife In Flames As La Gatos Lounge Is Burnt To Ashes

19 hours ago
Besigye Suffers Court Setback As Judge Rejects Claims Of Defense Team ‘Targeting’

Besigye Suffers Court Setback As Judge Rejects Claims Of Defense Team ‘Targeting’

20 hours ago
David Owori Murder Probe Widens as Police Recover 137 Phones, Arrest Six Suspects

David Owori Murder Probe Widens as Police Recover 137 Phones, Arrest Six Suspects

20 hours ago
NO MORE MORNING MALWA: Government Orders Bars, Joints To Open At 3PM

NO MORE MORNING MALWA: Government Orders Bars, Joints To Open At 3PM

20 hours ago

Popular Stories

  • Gen Muhoozi’s Son Ruhamya Graduates From Prestigious Sandhurst Military Academy

    Gen Muhoozi’s Son Ruhamya Graduates From Prestigious Sandhurst Military Academy

    1358 shares
    Share 543 Tweet 340
  • 14 Killed Instantly In Horror Lwera Car Accident As Truck Driver Flees

    1355 shares
    Share 542 Tweet 339
  • Mbale District Officials In Corruption Storm As DHO, Education Bosses And Head Teacher Remanded Over Abuse of Office

    1350 shares
    Share 540 Tweet 338
  • Mitchelle Daka Crowned Uganda’s First-Ever Miss Universe Queen

    1347 shares
    Share 539 Tweet 337
  • IGG Seeks MPs’ Backing To Break Culture Of Silence On Corruption

    1346 shares
    Share 538 Tweet 337
  • Rwanda Suspends Import Of 10 Ugandan Alcoholic Brands, Orders Immediate Recall

    1345 shares
    Share 538 Tweet 336
  • Finance Ministry Pushes Enterprise Uganda To Go Digital As Government Deepens Private Sector Growth Agenda

    1344 shares
    Share 538 Tweet 336
Facebook Twitter Instagram Youtube
Uganda Mirror

Uganda's leading source News in categories of Politics Gossip Crime Sports Business Technology & Education

© 2025 Ug Mirror - A Product of Mirror Digital Limited .

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “ACCEPT ALL”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsREJECT ALLACCEPT ALL
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Big Story
  • News
  • Crime
  • Gossip
  • Politics
  • Business
  • Sports
  • Love & Relationships
  • World

© 2025 Ug Mirror - A Product of Mirror Digital Limited .

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Not enough quota to unlock this post
Unlock left : 0
Are you sure want to cancel subscription?