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The deputy speaker of parliament
has hailed long enduring France-Uganda economic relations that have seen the number of French companies in Uganda grow from nine in 2010 to 40 companies as of today.
What the Deputy Speaker of Parliament Rt.Hon.Thomas Tayebwa said:
“I had the honor to officiate at the commemoration of the French National Day last evening at the Ambassador’s residence in Nakasero. I thanked H.E”
, the French Ambassador to Uganda, for spearheading warm and cordial diplomatic relations between Uganda and France. As partners in development, prosperity, security, and regional stability, Uganda and France continue to cooperate in many areas, including peace and security.
Uganda welcomes France’s continuing efforts and commitment towards peace and stability in Eastern Africa and the Great Lakes region. The over 40 French companies operating in Uganda employ over 3000 Ugandans and contributed 53% of total Foreign Direct investment to our country last financial year, with most of it going to the oil and gas sector.
However, we must work hard to export more to France in order to reduce the balance of trade deficit of $57M, which was in favor of France last year. We hope the newly launched French Chamber of Commerce in Uganda will help in reducing this deficit.
I reechoed Uganda’s position on the UN Security Council Reform and requested France to use its position as a permanent member of the UN Security Council to support the Common African Position that was adopted by AU Member States in 2005, calling for 2 permanent seats with all prerogatives and privileges, including the right of Veto.
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