Dr Koh Poh Koon, Singapore minister of state for trade and industry, said he was impressed by the numerous trade opportunities that Uganda has to offer and is already looking into ways in which his country can share bilateral trade experience with Uganda. He added that trade opportunities in overseas markets remain important to Singapore and that he is very interested in discussions that lead to the two countries doing business.
He was accompanied by a Singapore delegation comprising officials from, International Enterprise Singapore and Cooperation Enterprise, as well as representatives from eleven Singapore companies.
Dr. Koh pointed out that his country was particularly interested in investing in agriculture since Uganda is highly potent with resources.
He also discussed with Minister of Trade, Industry and Cooperatives Amelia Kyambadde on how to avoid double taxation agreement and exemption of tax on certain types of income adding that East Africa has had impressive growth over the past decade with Uganda being at the centre of this region.
“Singapore companies expanding overseas can consider markets further afield where there are new business opportunities to be seized. East Africa has recorded impressive growth over the past decade and Uganda is at the heart of this region,”Koh said.
Minister Koh Poh Koon has been visiting Uganda and Tanzania from 25th to 29th of April to explore new business opportunities in the East Africa region.