The Presidential Advisory Committee on Exports and Industrial Development (PACEID) announced intentions to build a national digital platform to handle Uganda’s foreign trade activity. PACEID’s chief of operations, Matthew Bagonza, announced this during a stakeholders’ orientation training in Kampala.
Technology Associates is actively working on the TradeXchange digital platform. Bagonza laid forth the strategy, technique, and tools that would be used during the needs assessment and requirements collection phases. PACEID, which President Yoweri Museveni commissioned in March 2022, intends to double Uganda’s existing export profits by $6 billion by 2028.
Odrek Rwabwogo, Chairman of PACEID and Senior Presidential Advisor on Special Duties, stressed the critical significance of digitalization in boosting Uganda’s exports. He emphasized its ability to encourage innovation and increase value addition, both of which are critical for the country’s export industry’s growth.
PACEID sees TradeXchange as a digital export transformation platform in collaboration with Technology Associates and CargoX. The platform’s goal is to assist exporters, alleviate trade bottlenecks, and make compliance with global trade rules easier. TradeXchange, according to Rwabwogo, would streamline procedures and increase information flow among farmers, producers, dealers, and Ugandan government authorities.
The ambitious targets of PACEID include tripling Uganda’s export profits by 2028, with an emphasis on major items like as coffee, tea, fruits and vegetables, livestock, dairy, vanilla, cereals, sugar, fish, banana flour, flowers, tourism, cement, and steel. PACEID’s communications officer, Rowland Bon Nkahebwa, emphasized the committee’s proactive effort to seeking off-takers for these priority exports through different trade, investment, and tourism conferences held around the world.
PACEID has arranged various trade missions in nations such as the Democratic Republic of the Congo, South Sudan, the United Kingdom, the United States, and South Africa. PACEID-appointed trade representatives (TRs) play an important role in marketing Uganda’s products and services in these countries. Nkahebwa stressed that TRs are picked for their devotion, enthusiasm, and conviction in Chairman Rwabwogo’s vision for Uganda’s exports and economy.
Exporters and trade professionals attend these summits to engage in panel discussions, exhibits, and business-to-business meetings. TRs assist Uganda enter new regional and worldwide export markets by facilitating collaboration between the public and commercial sectors and recruiting potential investors.
