6.12 Uganda's economic challenges: harnessing regional trade potential
This report addresses the challenges Uganda faces following the economic slowdown of recent years – down to 3.4% in 2010 from 9.3% between 2001 and 2008. Challenges include achieving enough sustainable growth to keep pace with rapid population growth, creating sufficient employment and fulfilling the goal of becoming a middle-income country. To achieve this, the report recommends harnessing the potential of regional trade by:
- Increasing agricultural exports, particularly of foodstuffs, within the region
- Diversifying Uganda's export base into higher value exports
- Diversifying more deeply into services.
In doing this Uganda will need to address constraints to business growth, agricultural transformation and productivity as well as easing access to markets by reducing transportation costs. This involves improving infrastructure as well as trade and transport logistics, addressing nontariff barriers to trade to allow the free flow of goods and services plus accelerating reforms in regulations and service restrictions.
Issuing body: World Bank
Type: Report
Status: First edition
Title: Uganda economic update. Bridges across borders. Unleashing Uganda's regional trade potential
File type: PDF
File size: 4.43 MB
Year of publication: 2013
Number of pages: 92
