In a debate on the Trade Secrets Protection bill passed into law by Parliament October 28, Masaka municipality Member of Parliament John Baptist Kawanga decried the transaction of commercial business based on outdated legislations.
The legislator wants government to amend the Companies Act and other laws, and the domestication of international statutes to which Uganda is a signatory.
He also reiterated the need for Uganda as a member of the World Trade Organization (WTO) to institute modern legislations on trade acceptable the world over.
The law according to the Parliamentary Legal Affairs Committee will build confidence; encourage innovation, invention and commercial investment in Uganda.
