Home / Knowledge / News / Textiles / Bangladesh to export textiles, jute products to Uganda
Bangladesh to export textiles, jute products to Uganda
26
May '16
Bangladesh is set to export textiles and jute products to Uganda with the two countries having almost finalised a trade deal.

Officials said the two countries are set to sign a Memorandum of Understanding (MoU) to share information and technology on trade where Bangladesh will be exporting its textile and jute products to the country, the Daily Monitor newspaper has reported.

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

“The MoU has been presented to the Ministry of Internal Affairs for vetting of documents to formulate the bilateral trade. We are also looking at the Trade Ministry to look into tax exemption on importation of jute to facilitate the trade on duty free basis,” the newspaper quoted Hudda as saying.

On taxing jute products, Uganda's Trade Minister Amelia Kyambadde said it is an issue that will be considered in future since the country has already undergone the budgeting process.
Hudda, who led a delegation from Bangladesh for a meeting with Ms Kyambadde, also revealed that Uganda will also be exporting rice to Bangladesh.

“This is a long-term strategy because we want to encourage our private sector to extend expertise in Jute and textile production in Uganda to promote development,” he added.

Ms Kyambadde said the import of jute products comes at a time when Uganda is phasing out the use of plastic materials for packaging in favour of environment friendly materials.

“The trade relationship we are opening up is one way of expanding our potential and exposing people to new technologies and opportunities to do business,” said Ms Kyambadde.

She also appealed to the public to utilise the opportunities to research and tap and into the new opportunities such as use of papyrus, bamboo and the various government initiatives for development. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search