Finding solutions to EAC trade disputes

The Uganda Manufacturers Association has issued a strong statement, threatening to bar Kenyan goods from entering the Ugandan market if trade tensions are not resolved. The Eastern Africa region stands to benefit greatly from the African Continental Free Trade Area, with an estimated $1.8 billion in revenue and the creation of over 2 million jobs. CNBC Africa recently spoke with Elly Twineyo, Executive Director of the Uganda Export Promotion Board, to discuss the current trade situation in the region. Twineyo highlighted the importance of trade relationships between countries like Uganda and Kenya, emphasizing the mutual benefits that come from open borders and increased cooperation. He noted that lack of information has been a key issue in the recent trade disputes, and expressed optimism for the future of trade under the African continental free trade agreements. Uganda is already trading significantly with its African neighbors and is poised to take full advantage of the continental market. Twineyo also touched on the role of the African Continental Free Trade Area in unifying and diversifying the manufacturing sector in Uganda, emphasizing the need for intra-African trade to reduce costs and add value to products. While acknowledging the challenges and risks associated with opening up markets to new players, Twineyo underscored the importance of competition in driving efficiency, quality, and innovation in the region's industries.