Uganda, Bangladesh set to sign MoU to trade in textile and jute

YarnsandFibers News Bureau 2016-05-25 17:30:00 – Kampala

Uganda and Bangladesh the two countries plan to share information and technology on trade where Bangladesh will be extending its textile and jute products to the country for which they are set to sign a Memorandum of Understanding (MoU).

Mr Mahmood Hudda, the Honourary Consul of Bangladesh in Uganda, said that the exportation of jute products to Uganda is timely as the country moves from plastic packaging to biodegradable materials.

They are also looking at the Trade ministry to look into tax exemption on importation of jute to facilitate the trade on duty free basis.

On taxing jute products, former Trade minister Amelia Kyambadde said that it is an issue that will be considered in future since the country has undergone the budgeting process.

The MoU has been presented to the Ministry of Internal Affairs for vetting of documents to formulate the bilateral trade.

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