President Yoweri Kaguta Museveni has highlighted the imperative need for Non-Aligned Movement (NAM) member countries to bolster trade within the group. Addressing the 19th NAM Summit in Kampala, which concluded on January 20, Museveni stressed that fostering trade among member nations is a pivotal factor in creating affluence.
The summit, themed “Deepening co-operation for shared global affluence,” saw leaders from 121 countries convene to discuss collaborative efforts. Museveni emphasized the interconnectedness of prosperity, stating, “When I buy from you, I am supporting your prosperity, and when you buy from me, you are supporting my prosperity.”
Taking over as the NAM chair for the next three years, Museveni believes that the forum, representing 80% of the world’s population, holds the capacity to solve numerous problems through cooperation.
Table 1: Key Insights from Museveni’s Address
| Key Points | Details |
|---|---|
| Importance of Intra-NAM Trade | Emphasizes the need for member countries to promote trade within NAM. |
| NAM Summit Theme | “Deepening co-operation for shared global affluence.” |
| Museveni’s Leadership Role | Assumes the NAM chair for the next three years. |
| Bandung Principles | Advocates for humility and diverse perspectives to achieve affluence globally. |
Museveni highlighted the crucial role of investment in producing goods and services, calling for cooperation among countries. He underscored the significance of creating a conducive atmosphere for investments and the need for infrastructure, including roads and railways, to link producers and consumers.
The Ugandan President also urged NAM member states to follow the Bandung principles, emphasizing humility and the acknowledgment of diverse approaches. He expressed optimism about achieving affluence for the entire world, marking a departure from historical concentrations of wealth in specific regions.
