September 18, 2013

Uganda-Turkey Economic Commission Meeting Commences

The second term meeting of the Uganda-Turkey Joint Economic Commission (MEC) started on Tuesday with the participation of Turkish Deputy PM Bulent Arinc and Uganda’s Minister of Trade Amelia Kyambadde.

Ugandan Minister of Trade Kyambadde expressed her gratitude for Turkish hospitality.

Amelia Kyambadde, Uganda's Minister of Trade Amelia Kyambadde (L) and Turkish Deputy PM Bulent Arinc
Amelia Kyambadde, Uganda’s Minister of Trade (L) and Turkish Deputy PM Bulent Arinc

Kyambadde said the Ugandan economy showed 5.8% growth and was ranked among the 100 growing countries in the world. She added that despite the slow progress of trading volumes between Turkey and Uganda, they were optimist about the development of mutual commercial relations.

“I invite Turkish investors to Uganda so as to provide quality and added value in Uganda. I am sure that they will provide added value in Uganda.” said Kyambadde.

She invited the Turkish International Cooperation and Development Agency (TIKA) to open an office in Kampala in order to implement new projects and follow the development of mutual relations.

On the other hand, Turkish Deputy Prime Minister Bulent Arinc said an opportunity for cooperation between Turkey and the Republic of Uganda might emerge in agriculture, energy, transportation and health with the implementation of other agreements which constituted the legal frame of mutual commercial and economic relations.

Arinc had visited Uganda during the first MEC meeting in 2010.

Stating that the commercial and economic issues to be discussed at the second meeting would significantly contribute to two economies, Arinc stressed that mutual relations exhibited serious development in the last three years.

He noted a Turkish embassy had opened in Ugandan capital Kampala and Turkish airlines had started direct flights to Uganda.

The trading volume between the two countries reached 32 million USD in 2011 and a 26 million USD trading volume was recorded in 2012, said Arinc.

An MOU (memorandum of understanding) will be signed within the scope of the closed-to-press meeting which will last for two days.

Additional reporting by Agencies

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