Uganda to Open Free Trade Zone for Iranian Traders

“We are going to establish a free trade zone for Iranian traders and businessmen on a 30-hectar area in Uganda in a bid to have economic exchanges and interactions free from trade barriers,” Ugandan Ambassador to Tehran Mohammad Ahmad Kissule said at a meeting with Ardebil province’s workgroup for non-oil exports, AVA Diplomatic reports.He pointed to the existing capacities in Uganda and its neighboring states, including Congo, Tanzania and Burundi, for attracting Iranian investors and imports from Iran, and underscored, “We believe the ground
is prepared for the investment of the Iranian investors.”

Kissule further referred to the reciprocal visits and meetings between Iranian and Ugandan presidents, and said that the two sides have inked many agreements on cooperation in different fields.

 “We are ready to make joint investments in industry, agriculture and tourism,” the diplomat stated.
Iran has in the past few years shown increasing willingness to expand ties and cooperation with Africa and offered to transfer experience and technology to several African states.

 Since taking office in 2005, Iranian President Mahmoud Ahmadinejad has striven hard to maximize Tehran’s relations with the African continent.

 Tehran has prioritized promotion of its economic and political ties with the African states and the country is now considered as one of the African Union’s strategic partners.