The Chinese government says the bilateral trade volume between Uganda and China has increased by 16.1%, hitting a record of 1.1 billion US dollars within the last 12 months. The Chinese Ambassador to Uganda Zhang Lizhong says the bilateral trade increased to 1.1 billion US dollars, up from 800 million US dollars in 2017.
He says this is being attained because of the peace and stability that the country has experienced for a long time.
“China and Uganda have witnessed an increase in trade volume for six consecutive years. According to the latest statistics from January to October last year, the total volume of bilateral trade increased by 16.1% to 1.1 billion US dollars of which Uganda’s exports to China have also increased by 25%,” Zhang said.
He made the remarks while addressing the Chinese investors in Uganda at the launch of the Uganda taxation handbook for the Chinese business community in Uganda.
He asked the government to protect the Chinese investors from un-scrumptious people who extort money from the investors.
