President Felix Tshisekedi of Congo and his Ugandan counterpart, President Yoweri Museveni have agreed to boost trade between the two countries.
DR Congo total exports for 2018 stood at $533m, with formal trade standing at $221m whereas informal trade stands at $312m, greater than the value of formal trade exports.
According to Uganda Bureau of Statistics, trade among the two countries is estimated to be about 532 million U.S. dollars. Uganda thinks there was great potential to boost these trade relations, thus the urgent need to sit on a round table to iron out any barriers to the growth of this trade, New Vision noted.
President Tshisekedi, who is on a three day visit to Uganda during which he attended the first ever Uganda-Congo Trade Forum, said he was backing President Museveni’s vision to have an integrated Africa, BBC noted.
The Uganda and Democratic Republic of Congo agreements is to work on key road networks within 24 months, connecting the two countries to ease business. However, security concerns on the routes remain key for business.