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Joint statement between the United States and Kenya on the launch of negotiations towards a FTA [incl. video]

Today, United States Trade Representative Robert Lighthizer and Kenya Cabinet Secretary for Industrialization, Trade, and Enterprise Development Betty Maina formally launched trade agreement negotiations between the United States and the Republic of Kenya. “Kenya is a recognized leader across the continent, an important strategic partner of the United States, and there is enormous potential for us to deepen our economic and commercial ties,” said Ambassador Lighthizer.   “Under President Trump’s leadership, we look forward to...

08 July 2020 | USTR

Kenya ‘raring to go’ on free trade deal with US, Uhuru says

Kenya’s negotiations with the US on an unprecedented two-way trade deal are on schedule to begin on July 7 despite difficulties posed by the coronavirus pandemic, President Uhuru Kenyatta said on Friday. “Our team is raring to go,” he assured an online forum sponsored by the Washington-based Corporate Council on Africa. Kenya is aiming to create “sustainable jobs for our people” through what would be the first bilateral free-trade agreement between a sub-Saharan country and the nation with the world’s biggest economy, the...

30 June 2020

COVID-19: Africa and the United States to remain key partners, says President Kagame

A four-day leaders forum hosted by the Corporate Council on Africa (CCA) opened Tuesday with Rwandan President Paul Kagame saying Africa and the United States will remain key trade and investment partners post the crippling coronavirus pandemic. Mr. Kagame, in opening remarks to the forum on the theme Resilient U.S.-Africa Business Engagement to Drive Post COVID-19 Recovery, said; “The world is full of uncertainties right now but there is no doubt that Africa and the United States will continue to be important trade and investment...

24 June 2020 | Communications Section

Kenya: Plans to lift suspension on mitumba imports ban underway

The government is at an advanced plan of lifting the suspension on importation of second hand clothes.  Trade Cabinet Secretary Betty Maina says her ministry and that of Health are drafting safety guidelines to guide the handling and selling of second clothes before the ban is lifted.  This comes after mitumba traders said they were running out of stock following that ban on importation of mitumba in early this year. Late in March, the government banned importation of mitumba clothes and shoes in line with World Health...

24 June 2020

Africa gearing up to finalize trade bloc while US eyes agreement with Kenya [Cal Chamber]

Trade and investment opportunities in Africa are in the spotlight this summer as the African nations prepare for final implementation of their free trade area and the United States looks toward the start of discussions about a free trade agreement with Kenya. The California Chamber of Commerce is a longtime supporter of stable and sustainable economic growth and development in sub-Saharan Africa African Continental Free Trade Area The African Continental Free Trade Area (AfCFTA) originally was due to be implemented on July 1. Once in...

23 June 2020 | Susanne T. Stirling

Kenya's president says talks on trade deal with US delayed

Kenya has delayed talks on a trade deal with the United States until a pan-African trade bloc comes into force, President Uhuru Kenyatta said on Thursday, likely holding up what would be Washington’s first such pact in sub-Saharan Africa. U.S. President Donald Trump and Kenyatta agreed in February to start formal talks on a bilateral trade pact that might help offset concerns about China’s expanding investment imprint on the continent. Kenya wants to do a deal with Washington before the expiry of the Africa Growth and Opportunity Act...

18 June 2020

Annual review of country eligibility for benefits under AGOA for 2021

Action Notice of initiation of review and request for comments. Download a copy of the official document HERE.  Summary The Office of the U.S. Trade Representative (USTR) is announcing the initiation of the annual review of the eligibility of the sub-Saharan African countries to receive the benefits of the African Growth and Opportunity Act (AGOA). The AGOA Implementation Subcommittee of the Trade Policy Staff Committee (AGOA Subcommittee) is developing recommendations for the President on AGOA country eligibility for calendar year...

10 June 2020

US eyes big chunk of key sectors in trade deal with Kenya

The United States government is seeking unfettered access to the Kenyan market in the proposed free trade agreement between Nairobi and Washington, which could have far-reaching implications on Kenya’s critical agricultural sector and its industrialisation plans. The Office of the United States Trade Representative (USTR) has made public a summary of key negotiation points in the proposed bilateral deal, which will see Kenya lift tariffs on all US agricultural products and open its maritime, textile, telecommunications financial services...

06 June 2020 | ANTHONY KITIMO

'South Africa must get ready for an inevitable loosening of trade ties with the US'

In six months’ time the world’s gaze will be trained on what is gearing up to be a contentious and hotly contested presidential election in the US. Irrespective of who emerges victorious between the incumbent President Donald Trump and the Democratic nominee Joe Biden South Africa needs to start thinking about what it stands to lose – or gain – from the new administration’s stance. This is especially so in the area of economic relations. Since 1994, trade and investment ties between the US and South Africa have evolved against...

02 June 2020 | Mills Soko

Details of US-Kenya FTA negotiating principles

On March 17, 2020, the Trump Administration notified Congress that the President intends to negotiate a trade agreement with the Republic of Kenya, in accordance with section 105(a)(1)(A) of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (the Trade Priorities and Accountability Act). This notification was made following a February 6, 2020, meeting at the White House between President Trump and Kenyan President Uhuru Kenyatta where the two presidents agreed to pursue negotiations on a trade agreement...

28 May 2020

Kenya, Ethiopia ahead of region in benefits of AGOA treaty

Kenya led the East African Community members in its use of the Africa Growth Opportunity Act (Agoa) treaty, scoring 98 per cent. However, it came second to Ghana which recorded 99.1 per cent with Madagascar coming third at 93.7 per cent. According to data contained in the US Trade and Investment with sub-Saharan Africa: Recent Trends and New Developments report, Ethiopia at 81.9 per cent and the Democratic Republic of Congo (DRC) at 68.2 per cent are the other eastern Africa countries that have also taken advantage of the treaty...

26 May 2020

Kenya: Apparel firms ride on Corona battle

The apparel sector is one of those targeted by the government for expansion in a bid to bolster the economy and create jobs. Although it has been identified as a key pillar of the economy, the textile sector has for long remained in the doldrums. The government has instituted a number of measures and demonstrated renewed commitment over the recent past to boost the sector.  Abandoned Cotton This began with the revival of the Rift Valley Textiles (Rivatex) in Eldoret. The plant has now employed hundreds of workers while many more...

19 May 2020 | OTIATO GUGUYU