Uganda: More Investors Still Needed in Textiles
Apparels Tri-Star chief Velupillai Kananathan has said more investors are still needed in the textile industry to enable Uganda fully exploit the huge American market under AGOA.
Kananathan was recently speaking during a tour of the Bugolobi-based factory by a Los Angeles trade delegation.
"The textile industry in Uganda is still under-exploited. This company and a few others are not enough. We need as many industries of a kind as possible to be able to take full advantage of the wider American market, to employ more people, increase the country's tax revenues and reduce poverty," Kananathan.
Susan Muhwezi, the special presidential adviser on AGOA and trade accompanied the delegation.
The head of the delegation and the founder of a US-based Project to End Poverty Lawrence Koh was surprised and overwhelmed that a factory of Tri-Star standard could be in this part of the world.
Koh said the trip to Uganda was to explore investment possibilities.
"We are looking at chances of how to improve Uganda's products' brands as opposed to foreign ones," he said
Latest AGOA Trade Data currently available on AGOA.info
Click here to view a sector profile of Uganda’s bilateral trade with the United States, disaggregated by total exports and imports, AGOA exports and GSP exports.
Other regularly updated trade statistics on AGOA.info include: (click each link to view)