The government is committed to boosting bilateral trade between Kenya and its global partners in efforts to achieve increased investment opportunities.
Ministry of Investments, Trade, and Industry Cabinet Secretary (CS), Salim Mvurya, said that this commitment has seen the government extend the African Growth and Opportunity Act (AGOA), agreement between Kenya and the USA.
Speaking on Friday, during the engagement with AGOA Assistant United States Trade Representative in Nairobi, Mvurya said that the team from the USA has concluded a courtesy visit, which is an indication of goodwill from the American government.
“As a result of this collaboration, the Kenyan government has initiated a process of strategic investment partnership that is now an ongoing discussion,” he stated.
He said that the government is committed to ensuring that it maintains its position as the top preferred trading partner for the US in Africa.
“AGOA has been very useful in opening up export business for Kenyans, and the strategic investment partnership that is being discussed, will provide a lot of room to strengthen and increase the business opportunities between Kenya and the United States,” said the CS.
Mvurya noted that the key thing is in a strategic investment partnership, which consists of 11 chapters, and right now the Ministry is in the middle of the discussions; therefore, he cannot be able to share the key positions that have been taken since they are still discussing.
State Department for Trade Principal Secretary (PS), Alfred K’Ombudo, stated that the partnership focuses on the export of agricultural products, climate change, and improving the business environment for investment.
By Sharon Atieno
