{"id":65345,"date":"2024-01-22T07:17:42","date_gmt":"2024-01-22T07:17:42","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=65345"},"modified":"2024-01-22T05:54:06","modified_gmt":"2024-01-22T05:54:06","slug":"japanese-are-not-wise-traders-says-museveni","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/japanese-are-not-wise-traders-says-museveni","title":{"rendered":"Japanese are not wise traders, says Museveni"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>President Museveni on Saturday said \u201cJapanese are not wise traders\u201d as he issued a stark warning that he would no longer tolerate intent by foreign industrial companies to merely assemble instead of manufacturing in Uganda.<\/b><\/p>\n

Closing the weeklong Non-Aligned Movement (NAM) summit in Kampala, Museveni on Saturday accused Japanese investors and the West of failing to appropriately deploy the principle of aggregate demand at the expense of African and global south countries.<\/p>\n

\u201cAll clans of Japanese vehicles are here. Since 1962, we have been buying a lot of vehicles from Japan… but Japanese are not wise traders,\u201d he said.<\/p>\n

\u201cI told them— you Japanese, we are enriching you with our pockets…Why don\u2019t you come and assemble these vehicles in Uganda? They were not interested. I see you want to take blood from me, but you don\u2019t want to give some blood to me,\u201d he explained.<\/p>\n

While there are just under 3 million vehicles in Uganda, majority cars driven in the country are foreign manufactured but there have been recent gains with the nation producing some fully electric auto motors.<\/p>\n

\u201cNow, my Japanese people came saying we want to assemble vehicles here, but I said too late, sorry. I\u2019m no longer interested in assembling but I only want manufacturing, if you don\u2019t want bye-bye,\u201d Museveni said.<\/p>\n

Uganda and Japan historically have a friendly relationship with no major diplomatic row in more than 20 years.<\/p>\n

Meanwhile, Ugandan leader called on the forum of 121 countries to capitalize on their estimated 6 billion people population for larger product market.<\/p>\n

\u201cThe NAM countries should not be part of this blindness of thinking I should only buy from you as you buy nothing from me,\u201d he remarked in Kampala.<\/p>\n

\u201cWe should promote trade amongst ourselves because when I buy from you, I\u2019m supporting you prosperity and when you buy from me, you are supporting my prosperity,\u201d he added.<\/p>\n

Earlier, Museveni urged NAM countries to deepen cooperation for global affluence, per the theme of the gathering in Uganda.<\/p>\n

\u201cI don\u2019t think we (NAM) are helpless but because we are not organized, we look helpless. The ones who are helpless are the other small group. We are going to continue exploring for new ways of affordable funding and we can do it,\u201d he observed.<\/p>\n

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

Africa-Press – Uganda. President Museveni on Saturday said \u201cJapanese are not wise traders\u201d as he issued a stark warning that he would no longer tolerate intent by foreign industrial companies to merely assemble instead of manufacturing in Uganda. Closing the weeklong Non-Aligned Movement (NAM) summit in Kampala, Museveni on Saturday accused Japanese investors and the […]<\/p>\n","protected":false},"author":84,"featured_media":65344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,258],"tags":[233,240,234],"class_list":["post-65345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nJapanese are not wise traders, says Museveni - Uganda<\/title>\n<meta name=\"description\" content=\"President Museveni on Saturday said \u201cJapanese are not wise traders\u201d as he issued a stark warning that he would no lon ...\" \/>\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\/japanese-are-not-wise-traders-says-museveni\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japanese are not wise traders, says Museveni\" \/>\n<meta property=\"og:description\" content=\"President Museveni on Saturday said \u201cJapanese are not wise traders\u201d as he issued a stark warning that he would no lon ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/japanese-are-not-wise-traders-says-museveni\" \/>\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=\"2024-01-22T07:17:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1705890080.823446.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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=\"2 minutes\" \/>\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\/japanese-are-not-wise-traders-says-museveni#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/japanese-are-not-wise-traders-says-museveni\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Japanese are not wise traders, says Museveni\",\"datePublished\":\"2024-01-22T07:17:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/japanese-are-not-wise-traders-says-museveni\"},\"wordCount\":398,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/japanese-are-not-wise-traders-says-museveni#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1705890080.823446.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/japanese-are-not-wise-traders-says-museveni#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/japanese-are-not-wise-traders-says-museveni\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/japanese-are-not-wise-traders-says-museveni\",\"name\":\"Japanese are not wise traders, says Museveni - 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