Rwanda Slaps Embargo On Ugandan Goods.
Government of Rwanda has banned importation of goods from Uganda, amid the heightened tensions between the two countries.
Uganda’s Minister of Foreign Affairs, Hon Sam Kutesa has announced that the government of Rwanda had put a restriction on all goods coming in from Uganda.
While movement of vehicles across the border had recently resumed normally, Minister Kutesa revealed in a media statement that goods for sale from Uganda to Rwanda are not being allowed.
There has been fear raised already by various observers and stakeholders on the economic implications of the standoff between Uganda and Rwanda, with some projecting that it could hurt Uganda more.
Uganda over the recent years has seen a widening edge over her neighbor in the south west, in regards to balance of trade.
Stats show that Uganda exports goods worth $250million per year to Rwanda, whereas Rwanda only exports goods worth $16million.
Meanwhile, Minister Kutesa revealed that as a way of implementing the ban on Ugandan goods, Rwanda recently introduced an export permit system for those that intend to export goods to Uganda.