Trade Issue
Uganda to crack down the illegal scrap exporters - 20 Aug, 2008
Ms Janat Mukwaya tourism, trade & industry minister of Uganda said that the government would conduct a rigorous surveillance exercise to crack down the illegal exporters of scrap metal. She added that “Shipping companies and transporters are notified to avoid transporting metal scrap for export."

She said that "In the event of identifying any scrap consignment destined for export, the local leaders should inform the nearest Police station, Uganda Revenue Authority office to enable the arrest and prosecution of the law breakers. Unscrupulous people continue to export metal scrap in total disregard of the law.”

Ms Mukwaya said that the continued illegal export is responsible for the low production capacity of the local steel mills, which has strained industrial activity in the sector in addition to the illegal scrap export being partly responsible for the theft of power transmission lines.

It may be noted that already Kenya and Tanzania have agreed to suspend trade in metals in order to fight electrical and water equipment vandalism which has hit Uganda.


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Price Index - India
  Nov-21 Nov-20
ILPPI 7634 7664 Down
IFPPI 7601 7648 Down
INDSPI 7618 7656 Down
Currency Rates
21 Nov, 2008
USD 1.0000
AUD 1.5848
BRL 2.3862
CAD 1.2616
CNY 6.8253
EUR 0.7988
GBP 0.6712
INR 50.8776
JPY 95.4419
RUB 27.5385
ZAR 10.5561
Source: OANDA.com
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