Tianjin, China | XINHUA | Chinese Commerce Minister Wang Wentao submitted the instrument of acceptance for the Agreement on Fisheries Subsidies to Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala in north China’s Tianjin Municipality on Tuesday. The submission means the Chinese side has completed its domestic legal procedures …
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Uganda’s real GDP expanded 4.9% y/y in Q2 22, marginally weaker than the prior quarter’s 5.1%, following a marked moderation in import taxes. The pace of growth is anticipated to slow in H2 2022 as households navigate a higher inflation and lending rates environment. Economic growth will average about 4.3% …
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Kampala, Uganda | THE INDEPENDENT | Experts and think-tanks have warned the government against introducing policies aimed at mitigating the effects of rising commodity prices, but also blamed it for poor management that has allowed the current situation to escalate. Until now, the government has rejected any suggestions that it introduces …
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Nairobi, Kenya | Xinhua | The growth of the fisheries industry in Africa is in jeopardy amid subsidies from rich economies that have encouraged unfair competition and exploitation of the resource that harms the marine ecosystem in the continent, experts said in Nairobi on Wednesday. Rashid Sumaila, a Nigerian scholar and …
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Beijing, China | AFP | A replica of the Palace of Versailles, medieval turrets, and spires rise across Huawei’s new campus in southern China, a monument to the telecom giant’s growing fortune — and the benefits of state aid. The fairytale-like facilities rest on land that was sold by the local …
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Geneva, Switzerland | AFP | The World Trade Organization confirmed Thursday that Washington failed to fully comply with a 2012 order to halt subsidies to Boeing, marking a partial victory for rival aircraft maker Airbus and the EU. The ruling from the WTO appeals body was the latest blow in the decade-long clash between the …
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Dubai, United Arab Emirates | AFP | IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaking at the one-day Arab Fiscal Forum in Dubai, Lagarde welcomed “promising” reforms adopted by some …
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The Independent Uganda: You get the Truth we Pay the Price