The Kenya Private Sector Alliance (KEPSA) on Wednesday said that a Barrack Obama Presidency will create and strengthen existing trade relationship between Kenya and United States of America (USA).

Speaking in Nairobi, KEPSA chairman Steve Smith exuded confidence that Obama has the ability to reverse the current global financial crisis.

“An Obama Presidency means more trade opportunities for Kenya,” adding that cooperation between the two countries will be strengthened.

Smith cited the strengthening of the “Open Skies Agreement” that Kenya signed with the US in June.

This agreement is expected to shorten flights between the two countries and will see Kenya’s tourism sector benefiting immensely from increased number of tourists from US.

He noted that the African Growth and Opportunity Act (AGOA) that enhances U.S market access for currently 39 Sub-Saharan African countries will be significantly strengthened.

KEPSA chairman however cautioned Kenya not to expect any handouts from the US, saying that strengthening of trade ties between the two countries will call for hard work and commitment.

Meanwhile, Kenya’s minister for trade Uhuru Kenyatta said that an Obama Presidency will have positive beneficial trade impact for Kenya.

“The profile of Kenya has been highly raised today and as the minister for Trade I expect us to reap from this in terms of international investment,” he said.

Latest AGOA Trade Data currently available on AGOA.info


Click here to view a sector profile of Kenya’s bilateral trade with the United States, disaggregated by total exports and imports, AGOA exports and GSP exports.

Other regularly updated trade statistics on AGOA.info include: (click each link to view)