The minister of Tourism, Trade and industry, Major General Kahinda Otafire has confirmed his ministry is leading a delegation of Ugandan business people to theTurkish seven-day-second-global business conference starting on June 14.
The trade fair, running from June 14 – 20, is expected to enhance business and trade relations between Turkey’s leading manufacturers and import companies from over 150 countries.
Vice-President Prof Gilbert Bukenya led similar delegations for the last two years.
Reverend Father Simon Lokodo, the industry state minister, represented the trade ministry last year where 2,250 business people from 135 countries converged at Istanbul for a similar seven-day event of experience sharing and deals’ clinching with the 400 Turkish companies.
Reports indicate that 3,000 people turned up last year.
Unlike last year where applications where coordinated by the Turkish community here, this time all applications are on line The deadline is May 1. Uganda’s imports from Turkey have been growing every year.
According to Ejder Kilic, the chairman of the Turkish community in Uganda and Hakki Aydin, the headmaster of Turkish Light Academy, the previous visits by Professor Bukenya has attracted 19 Turkish companies to Uganda.
These include Istanbul Ltd (general merchandise), Turkish Sule Cable (cable manufacturing), Milad Uganda (textile)and Insicam (construction).
Ejder said the opening up of the Turkish embassy here and the decision to extend Turkish Airlines flights to Uganda starting June will enhance the partnership potential for Turkish companies most especially those in construction, mining, energy, tourism and agriculture.
Eng. Nelson Gagawala, the trade state minister said Uganda’s trade with Turkey has been growing. Records show that in 2009, Turkey’s export volume to Africa was $10.1b and its import volume was $5.6b. Africa’s share of Turkey’s export volume was only 4% before 2009, a figure that increased by 10% last year.
With its liberal and trade-oriented policies, Turkey’s population of 70 million, is mainly of young people aged below 34 years. On average, the country attained 7% growth in the last six years.
Being the 15th largest economy, according to IMF, the Turkish economy is much diversified. Records show that Turkey’s gross domestic product (GDP) stood at $663b in 2007 and its per capita GDP reached $9.629 in the same year. It is ranked 9th in world in tourism earnings with over 23.3 million tourists visiting every year.