Uganda asked to increase exports to Russia

Friday May 31 2019

 

By Joe Nam

Moscow. Russia has asked Uganda to take advantage of the $28b Russian fresh foods market by increasing her exports to the eastern Europe country.

Speaking at the opening of the Uganda Moscow Expo, early this week, Alexander V Kopkov, the director of the Chamber of Commerce and Industry of the Russian Federation, said Uganda’s trade volumes with Russia were regrettably tilted, noting that trade in 2018 was worth $74m (Shs176.6b) of which 86 per cent accounted for Russia’s exports to Uganda.

“I would like to call upon Uganda to take the necessary steps to increase her exports to Russia to balance trade,” Mr Kopkov said.
Uganda’s exports to Russia comprises primary products such as cashew nut, coffee, tea, spices and tobacco. Uganda imports wheat, metals, spare parts and medicines from Russia.

Mr Johnson Olwa Agara, Uganda’s ambassador to Russia, said Uganda was keen to increase her trade volumes, especially in the area of fresh and organic food products, fruits and all year round tourism.

editorial@ug.nationmedai.com

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