INTENSIVE INTEREST IN UGANDA FOR TURKISH EXPORTERS

The Turkey-Uganda Business Forum and bilateral business negotiations, organized by TIM and coordinated by the Ministry of Economy, took place in Kampala, Uganda, on August 22-25, 2017. Mustafa ÇIKRIKÇIOĞLU, deputy chairman of the TIM, headed the delegation.

The forum, which is organized by the Trade Mission and attended by more than 200 people, started with Volkan ŞAHİNKAYA's opening speech. SAHINKAYA stated that this delegation, organized by TİM after the visit of Mr. President Recep Tayyip ERDOĞAN to Uganda in 2016, will significantly strengthen commercial relations between the two countries. He also stated that signing of Agreement on Mutual Promotion and Protection of Investments and Agreement for the Avoidance of Double Taxation between two countries is also very important for fortifying the relations of Turkey and Uganda.

Following ŞAHİNKAYA, Uganda Secretary General of the Chamber of Commerce and Industry, Ezra RUBANDA stated that after the anniversary of July 15th, we appreciated democratic defense struggle of the Turkish people. Uganda could become a trade center in the region for Turkey, Rubanda said, believing that our mutual commercial relations will be much stronger in the upcoming period. Uganda Private Sector Foundation member, who is speaking after Rubanda, Elly Karubanga told that Turkey has shown significant economic performance in recent years. Up to the oil exraction process that will start in 2020 in Uganda, there will be lots of investment opoortunities and Turkish business people have to take the chance to invest in Uganda.

The Chairman of the Delegation, Mustafa ÇIKRIKÇIOĞLU made a speech lastly. ÇIKRIKÇIOĞLU stated that Turkey and Uganda's bilateral trade volume has been declining in parallel with developments in global markets in recent years, but in the meantime our target is to reach record levels again in the future. Stating that Turkey attaches a special importance to Uganda in the direction of the African strategy, ÇIKRIKÇIOĞLU said that a free trade agreement between the two countries or with the East African Community would greatly stimulate trade between Turkey and Uganda.

After the speeches, bilateral business talks were started between Turkish company representatives and Ugandan business people. Approximately 400 job interviews were held within the scope of the meetings attended by 22 local Turkish companies, over 200 Ugandan business people and over 100 Ugandan firms.

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