What happened?
The Third Session of the India-Uganda Joint Trade Committee (JTC) was held in New Delhi on 25-26 March 2025, marking a key step in strengthening bilateral trade relations after a gap of 23 years. Both sides agreed to explore Memorandums of Understanding (MoUs) in key sectors such as public works, agriculture, traditional medicine, and tele-medicine. They identified areas to boost trade, including minerals, coffee, pulses, spices, dairy products, and critical minerals like Rare Earth Elements (REE). The session also discussed forming an India-Uganda Joint Business Forum to foster industry-level engagement. On the sidelines, the Ugandan delegation visited the Noida SEZ to gain insights into India’s industrial and export ecosystem.
Why it matters to India
The revival of the India-Uganda JTC signals a renewed push for economic cooperation with Africa, a region rich in natural resources and growing market potential. By exploring MoUs in healthcare, agriculture, and infrastructure, India aims to expand its economic footprint and strengthen diplomatic ties. The focus on minerals, including REEs, is significant for India’s strategic interests, given the global competition for these critical resources. Enhanced trade in pulses, spices, and dairy products could also benefit Indian exporters, fostering deeper economic ties. The proposed Joint Business Forum offers a platform to streamline investments and promote private sector collaboration, boosting trade volumes and creating new opportunities for Indian businesses.