{"id":55186,"date":"2023-09-08T11:11:22","date_gmt":"2023-09-08T11:11:22","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade"},"modified":"2023-09-08T12:42:23","modified_gmt":"2023-09-08T12:42:23","slug":"govt-counts-on-competition-bill-to-enhance-fair-trade","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade","title":{"rendered":"Govt counts on Competition Bill to enhance \u00a0fair trade"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Start Trade Minister David Bahati has said the recently passed Competition Bill will enhance fair competition in trade and business.<\/p>\n

The Bill, he said, will also boost Uganda\u2019s production of goods and services to mitigate the ever rising import bill.<\/p>\n

\u201cThis Bill [puts in place] a committee to regulate competition and its implementation, while also looking at consumer protection issues,\u201d he said, noting that it will help Uganda to cut its import bill through import substitution and instituting high tariffs on imports that cab be locally produced.<\/p>\n

Ugandan businesses continue to struggle in a market that is highly saturated with cheap imports.<\/p>\n

It is not clear why goods produced locally are sold expensively, but this might be due to a low return on investment, given that investors have to deal with high interest rates, energy costs and statutory obligations, among others.<\/p>\n

Mr Bahati said government is capitalising development banks such as Uganda Development Bank to help manufacturers access low-interest credit. The Treasury allocated Sh85b in the 2023\/24 financial year to support operations of medium and large scale businesses through affordable loans of between 10 and 12 percent.<\/p>\n

Speaking during the Consumer Choice Awards, Mr Bahati said lower borrowing costs will strengthen the economy and increase Uganda\u2019s gross domestic product.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Start Trade Minister David Bahati has said the recently passed Competition Bill will enhance fair competition in trade and business. The Bill, he said, will also boost Uganda\u2019s production of goods and services to mitigate the ever rising import bill. \u201cThis Bill [puts in place] a committee to regulate competition and its […]<\/p>\n","protected":false},"author":84,"featured_media":55184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,240,234],"class_list":["post-55186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nGovt counts on Competition Bill to enhance \u00a0fair trade - Uganda<\/title>\n<meta name=\"description\" content=\"Start Trade Minister David Bahati has said the recently passed Competition Bill will enhance fair competition in trade a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt counts on Competition Bill to enhance \u00a0fair trade\" \/>\n<meta property=\"og:description\" content=\"Start Trade Minister David Bahati has said the recently passed Competition Bill will enhance fair competition in trade a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-08T11:11:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-08T12:42:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/09\/sm_1694160547.010901.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Govt counts on Competition Bill to enhance \u00a0fair trade\",\"datePublished\":\"2023-09-08T11:11:22+00:00\",\"dateModified\":\"2023-09-08T12:42:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade\"},\"wordCount\":230,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/09\/sm_1694160547.010901.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/govt-counts-on-competition-bill-to-enhance-fair-trade\",\"name\":\"Govt counts on Competition Bill to enhance \u00a0fair trade - 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