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Kenyatta, Museveni agree to deepen bilateral trade

11 August 2015, 09:25 PSCU

Kampala - Regional security, integration and trade are key to the prosperity of the East African people, President Uhuru Kenyatta and his host President Yoweri Museveni said on Sunday.

In a Communique at the end of a three-day State Visit, the leaders stressed the need for the East Africans to put their efforts towards the success of integration, which will benefit the whole region.

The two leaders agreed to deepen bilateral trade as it has the potential to grow the economy to greater heights.

The leaders reiterated their commitment to the free movement of people, goods, labour and services, including the elimination of all trade barriers.

President Museveni commended President Kenyatta for being focused and proactive in ensuring the implementation of initiatives aimed at bridging the trade imbalance between the two countries.

Currently, Kenya exports to Uganda are estimated at $700 million compared to imports worth $180 million.

The two Heads of State welcomed the establishment of the Uganda-Kenya Joint Ministerial Commission as an important framework for deepening and expanding bilateral cooperation.

Read Also: 12 African countries meet to intervene on regional challenges

The two leaders reiterated their position in developing oil infrastructure which is key to the commercialization of oil.

President Museveni said the protracted engagement with industry players on the importance of an oil refinery for Uganda had delayed commercialization of the country’s petroleum resources.

On development of a crude oil export pipeline, the leaders noted that development of a crude oil export pipeline needed to be implemented expeditiously, without further delay in commercializing the petroleum resources.

The pipeline will take the northern route from Hoima to Lokichar in Turkana County and onwards to Lamu.

On the refined products pipeline from Mombasa via Eldoret to Kampala, the Heads of State agreed to develop a reverse flow petroleum product pipeline capable of transporting imported petroleum products to Uganda and also from the refinery in Uganda to Kenya.

President Kenyatta and his host agreed that regional integration is key to shared prosperity. They expressed their deep commitment to integration of the East African Community.

They expressed their optimism that the integration process will ultimately lead to realization of the East African Political Federation.

President Kenyatta and President Museveni reaffirmed their commitment to continue working together with respective Governments and other stakeholder in resolving outstanding political and security challenges in Somalia, South Sudan and Burundi.

They expressed their concern on the continuing peace and security challenges in the region and in particular the emergence of extremism and terrorism.

The two leaders agreed to intensify joint efforts to counter terrorism and violent extremism.

President Kenyatta expressed gratitude to the President and the people of Uganda for their hospitality they extended to him and his delegation.

The two leaders said the few administrative issues facing the process of free movement of people, goods and services will be sorted out to ensure the East African integration process succeeds.

“From a policy perspective, there is no problem as concerns free movement of people and goods, what is required is to breakdown these administrative barriers,” said President Kenyatta.

President Kenyatta who has been on a three day state visit toured the Cipla Chemical Industries, a pharmaceutical plant which specializes in the production of the latest Anti-retroviral drugs (ARVs) and Anti-malaria (ACTs) medicines.

The President also addressed a Kenya-Uganda business forum where he witnessed the signing of an MoU between the Kenya Chamber of Commerce and Industry and the Uganda Chamber of Commerce and Industry.

The President, who is accompanied by First Lady Margaret Kenyatta, and Cabinet Secretaries for Foreign Affairs, Defence, National Treasury and Health, also met Kenyans residing in Uganda and made a historic address to the Uganda parliament.

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- News24


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