Beijing, China | AFP | Chinese President Xi Jinping criticised protectionism on Monday at a summit positioning Beijing as a champion of globalisation, but several European nations spoilt attempts to win full backing for his trade agenda. Xi addressed almost 30 leaders on the second day of a forum on …
Read More »China wins praise for Silk Road but concerns persist
Beijing, China | AFP | China was basking in praise Monday for its new Silk Road even as some countries raised concerns over the project seen as boosting Beijing’s global clout on trade and geopolitics. Almost 30 world leaders are attending a two-day summit promoting China’s One Belt, One Road …
Read More »The trains and sea ports of China’s new Silk Road
Beijing, China | AFP | China opened its Silk Road summit Sunday to showcase its ambitious plans to revive ancient trade routes from Asia to Europe and Africa. President Xi Jinping hailed the initiative for a massive network of rail and maritime links — dubbed One Belt, One Road — …
Read More »Illegal kidney trade racket uncovered in Pakistan
Lahore, Pakistan | AFP | Pakistani investigators have uncovered an illegal kidney donation racket and arrested six people, including two doctors, after raiding a house where unauthorised surgeries were reportedly underway, a senior official told AFP Monday. Authorities say the gang was involved in selling kidneys to international clients, particularly …
Read More »Kyambadde vouches for Chinese on petty trade
Minister for Trade and Industry Amelia Kyambadde has backed Chinese businessman in the country who are under fire for being involved in petty trade. Kyambadde told MPs there is no provision in the law excluding foreigners from carrying out trade in the country. She told the parliamentary committee on trade …
Read More »ANALYSIS: What is the North American Free Trade Agreement?
Washington, United States | AFP | The North American Free Trade Agreement (NAFTA) is a 23-year-old pact has boosted trade among Canada, Mexico and the United States. It might now be renegotiated the White House said Wednesday, after Canada and Mexico agreed to do so “swiftly.” US President Donald Trump …
Read More »‘There is no law barring foreigners from petty business’
Minister of Trade, Industry and Cooperatives Amelia Kyambadde has said cabinet has constituted a sub-committee to look into and address the fact that there is no law that prevents foreigners from engaging in petty trade in Uganda. The sub-committee has finalized its main task which was to come up with a national policy …
Read More »Uganda to open investment office in Doha, Qatar
Uganda plans to open an investment office in Doha, Qatar to facilitate prospective investors with information on trade, investment opportunities and to promote tourism. “Uganda will open an investment office in Doha. It will be part of Uganda’s Embassy in Qatar andwill also work on the promotion of tourism,” said President …
Read More »TRADE: Museveni off to Qatar
President Yoweri Museveni is in Qatar for a three day state visit at the invitation of the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani. “I will meet the Emir and other Qatari government and business officials as we seek to strengthen our countries’ business and trade relations,” Museveni said …
Read More »BREXIT: First ‘Silk Road’ train from Britain leaves for China with whiskey
Stanford-le-Hope, United Kingdom | AFP | The first-ever freight train from Britain to China started its mammoth journey on Monday along a modern-day “Silk Road” trade route as Britain eyes new opportunities after it leaves the European Union. The 32-container train, around 600 metres (656 yards) long, left the vast …
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