Museveni urges African leaders to have a common agenda to attain shift development and industrialization.
Trade deal between UK and Africa to offer the continent a 3 trillion US dollar market .
Ugandan President Yoweri Museveni urged the leadership of all African nations to collectively work together and reject short term incentives for is the only way African countries can avoid the iniquitous terms that have stifled the continents development and industrialization.
This as he attends the virtual UK-Africa summit, to Museveni Africa’s intra-continental trade is the least developed in the world currently and this is due to the inheritance of colonialism that hinders countries to trade as they should and also the infrastructure being geared toward extraction of commodities and export.
The Memorandum of Understanding between UK and Africa that emphasizes Free Trade Area among African Union states makes UK the first non-African nation to engage in this trade deal which could light the path for other European countries to also follow.
This trade deal will offer the continent a 3trillion US dollars market and more bargaining power with developed countries in the global economy but cautioned that countries should not simply wait for global powers or blocs to come with their own agendas and must proactively set out its red lines for negotiations.
President Museveni also pointed out four factors including reciprocity, job creation, collective pressure on the ban on fossil fuel investment plus also the restriction of visas to Africans that the continent should boldly stand with while signing or doing negotiations with the west.
With the fact that Uganda had just recently reopened schools for the first time in 24months, the President credited the African Union for securing doses for equitable distribution across the continent an achievement that reveals how Africa can succeed through collective effort and how prospects for the 1.3 billion citizens are entwined.
Museveni in his conclusion applauded this UK-Africa trade deal because it’s likely to speed up the continents economic recovery from the pandemic that greatly affected citizens since they had no easy access to vaccines and medical supplies.