ASIANS MUST QUIT UGANDA PETTY TRADE

14^TH-OCTOBER-2013

 The Asians doing trade business here have blamed the compromising legal system in the country for their continual illegal operations. The Asians were meeting the trade minister over her directive to deport all foreign illegal petty business operators by January next year.

Emelia Kyambadde-Min of Trade

 The minister of trade, industry and cooperatives insists that Asians and other foreigners must   refrain from petty trade and undergo the legal procedures to do trade here. The minister was meeting the Asian business community here in Uganda who blames the compromised legal system for their illegal operations. The ministry passed a directive last week threatening to deport all the foreigners who illegally operate petty business here.
 The Asians however claim the bureaucracy in Uganda’s’ systems and the corruption embedded therein, has frustrated efforts to choose the legal procedures.

The minister of Trade Emelia Kyambadde says she will have to make comprehensive follow ups at all levels to identify the loopholes claimed by the Asians. Otherwise the point still remains the obligation to go through the right procedures to establish business entities here. For a foreigner to do Business here according to the investment code Act are supposed to remit 100,000 US dollars or an equivalent to the bank of Uganda before any proceedings are done.

 This is to guarantee that the foreigner has the capacity to purchase the goods to run the trade business intended.

The Asians insist that no one comes to Uganda without the required money to establish business therefore the allegations are farfetched.

Those foreigners alleged to be doing   petty business here are also assumed to have   jumped immigration laws hence presenting other security threats.

 The Uganda traders have for several times protested the Asians involvement in petty trade especially in the sale of chapattis pancakes and other retail merchandise.

 The Asian traders are also said to be smuggling into the country counterfeits at a cheaper price taking advantage of the public ignorance and in the long run causing unfair competition.