Museveni said that Cuba can buy food products like maize, powdered milk, and beans from Ugandan farmers in exchange for Cuban products such as pharmaceuticals just by exchange without money.
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Cuba minister6
President
Yoweri Museveni has said Uganda and Cuba would benefit a great deal if they
exchanged each other’s goods and services.
Museveni
made the remarks while meeting with a Cuban delegation led by the Minister of
Foreign Affairs, Bruno Rodriguez. In the meeting, the two leaders discussed
matters pertaining to strengthening bilateral relations between the two
countries. Museveni expressed the need for investment in areas of science, manufacturing,
and barter trade.
“There are
good areas of business collaboration like the pathogenic industry in the
manufacturing of vaccines that can capture the market in Uganda, East Africa,
and Africa,” he said, adding that it would also be good to do barter trade with
the private sector or deal directly with the government.
Museveni
said that Cuba can buy food products like maize, powdered milk, and beans from
Ugandan farmers in exchange for Cuban products such as pharmaceuticals just by
exchange without money.
At the
beginning of Museveni’s tenure in 1986, Uganda engaged with other countries
like Cuba in barter trade exchanging mostly agricultural products such as
coffee for industrial products, especially pharmaceutical products.
The Minister said that his country appreciates Museveni’s relations with Cuba
through African Union solidarity. He
informed the President that Cuba's economy thrives on manufacturing, with a
high level of efficiency in pharmaceuticals, international tourism, and
industry.
The Cuban Foreign Affairs Minister was accompanied by the Cuban Ambassador to
Uganda, Tania Perez Xiques, among others.
The meeting was also attended by the Minister of State for International
Affairs, Henry Okello Oryem, at the President's country home in Ntungamo District.
