Agoa.info - African Growth and Opportunity Act
TRALAC - Trade Law Centre
You are here: Home/News/Article/Kenya's president meets US delegates on trade and investments

Kenya's president meets US delegates on trade and investments

Kenya's president meets US delegates on trade and investments
Published date:
Wednesday, 19 July 2023
Author:
Joy Kanana

Kenyan President William Ruto has today held talks with US Trade Representative, Ambassador Katherine Tai.

The discussions were based on US trade policy.

Ruto said that the country is ready to strengthen the already existing relations between the two nations.

"We will stretch our ties beyond the African Growth and Opportunity Act (AGOA) in the wake of advanced technology and climate change, for the full exploitation of our trade potential," he said.

The President said trade between the two countries is key and has been beneficial.

"America is our key trade and investment partner. Under the AGOA, Kenya has developed its value chains, expanded and diversified its exports, creating thousands of employment opportunities," he said on Wednesday.

In 2021, Kenya's exports to the US grew to Sh59.5 billion, up from Sh49.3 billion the preceding year, with increases recorded in the exports of macadamia nuts and articles of apparel and clothing accessories.

The government targets to increase exports from 10 per cent of GDP to 30 per cent by December 2025 and increase manufacturing contribution to GDP from seven per cent to 20 per cent by 2030.


  Also see the USTR readout here

Read related news articles

US President Biden to welcome Kenyan President Ruto to the White House in May

President Joe Biden plans to welcome Kenyan President William Ruto to the White House in May, hosting a state visit after reneging on his promise to visit Africa last year. White House press secretary Karine Jean-Pierre said Friday that the visit set for May 23 will mark the 60th anniversary of U.S.-Kenya diplomatic relations and "celebrate a partnership that is delivering for the people" of both countries while affirming "our strategic...

18 February 2024

US keen to strengthen Kenya’s public procurement system as trade talks resume [incl. Readout]

The US plans to strengthen Kenya’s public procurement systems in what is seen as a strategy to put in place sound structures ahead of the planned trade pact. This comes as talks on the Strategic Trade and Investment Partnership (STIP) resumed last week with a meeting in Nairobi. Kenya is pushing for the deal and renewal of the African Growth and Opportunity Act (AGOA) which expires next year. Washington in a statement on Tuesday said the...

07 February 2024

'Nigeria missing as Kenya, Ghana tap AGOA opportunities to boost foreign exchange earnings'

Africa’s biggest economy is still failing to tap the opportunities that the African Growth and Opportunity Act (AGOA) present to boost its foreign exchange, amid acute dollar shortages. The AGOA has been on for over twenty-three years as it was enacted in 2020. In 2015, the program was modernised and extended to 2025, implying that there are only about 15 months before the window closes. Some countries have taken advantage of the AGOA more...

05 February 2024

US officials to fast-track talks on Kenya-US Strategic Trade and Investment Partnership (STIP)

US authorities will expedite negotiations on the Kenya-US Strategic Trade and Investment Partnership (STIP) and consider extending the African Growth and Opportunity Act (AGOA) beyond its expiry next year. Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi who spoke after a meeting with US Secretary for State Mr Tony Blinken said these initiatives will facilitate expanded duty and quota-free access...

02 February 2024

Kenya, US trade talks resume in Nairobi, go for common ground

The third round of the Strategic Trade and Investment Partnership (STIP) negotiations between Kenya and the United States opened in Nairobi yesterday. Investment, Trade and Industry Cabinet Secretary Rebecca Miano said Kenya’s delegation is being led by Trade Principal Secretary Alfred K’Ombudo.  The main agenda items for the meeting which wraps up tomorrow revolve around agriculture, good regulatory practices, and workers’ rights...

30 January 2024

Kenya, US talks shift to agriculture

Kenya and the United States are set to begin talks on contentious clauses in a proposed bilateral trade deal amid fears the agreement could flood the market with cheap agricultural imports from America. The delayed third in-person round of talks will focus on agriculture, good regulatory practices and workers’ rights and protections, according to a statement from the US Trade Representative Office (USTR). The three-day negotiations...

27 January 2024

Kenya-US far from trade deal as year ends

Kenya’s hopes of concluding a trade deal with the US by end of this year seem unlikely pushing the long draw talks into next year. The Kenyan government had in March this year expressed optimism of sealing a deal before the year ends, in its quest to secure preferential trade terms way before the expiry of the African Growth and Opportunity Act (AGOA), in September 2025.  Kenya and the US have held three rounds of in-person negotiations...

21 December 2023

Kenya-US to deepen ICT, apparel and agriculture trade

Kenya and United States are in talks to identify areas of interest in information communication technology (ICT) sector that can interest US firms.  A meeting between The US Ambassador to Kenya, Megan Whitman, and the Cabinet Secretary for Investments, Trade, and Industry Rebecca Miano, the states sought cooperation in six key areas. The meeting laid the groundwork for an enhanced collaboration between Kenya and the United States in...

09 November 2023

Remarks by USTR Ambassador Katherine Tai at the closing ceremony of the 20th AGOA Forum

United States Trade Representative Katherine Tai today delivered remarks during the closing ceremony of the 20th African Growth and Opportunity Act (AGOA) Forum. In her remarks, Ambassador Tai reiterated the United States’ commitment to strengthen the U.S.-Africa trade and investment relationship to deliver real opportunities across our societies. Ambassador Tai also highlighted the need to make the AGOA program more effective and...

04 November 2023

Statement from USTR Tai on the AGOA eligibility review, Mauritania to be reinstated

President Biden decided to reinstate African Growth and Opportunity Act (AGOA) trade preference program benefits for one country, Mauritania, and to terminate benefits for four countries – Gabon, Niger, the Central African Republic, and Uganda – effective January 1, 2024. Based on the results of the annual AGOA eligibility review, Mauritania’s eligibility will be reinstated based on progress that it has made with respect to the 2019...

31 October 2023

AGOA Forum 2023: Digital press briefing with officials in the USTR and State Department [Transcript]

MODERATOR:  All right.  Good afternoon to everyone from the U.S. Department of State’s Africa Regional Media Hub.  I welcome our participants logging in from across the continent and thank all of you for joining this discussion.  Today, we are very pleased to be joined by the Assistant U.S. Trade Representative for Africa Constance Hamilton and Deputy Assistant Secretary in the Bureau of African Affairs of the State...

26 October 2023

You are here: Home/News/Article/Kenya's president meets US delegates on trade and investments