Kenya Trade Week 3rd Edition Kicks-off
The 3rd edition of Kenya Trade Week and Expo incorporating COMESA High Level Business Summit kicks-off this morning at Kenyatta National Convention Center.
Confirming the same, Trade Principal Secretary, Chris Kiptoo, said that the summit provides a platform to analyze any benefits which have been brought about by the adoption of Integrated National Export Development and Promote Strategy.
During this summit, key priorities will be industry, agriculture, and tourism as they are core in boosting the African trade and help in the creation of business connection avenues among the African states.
Stakeholders in the trade sector will also have the chance to showcase their products and interact with the attendees.
The country through the event will have the ability to promote and diversify products under the Buy Kenya Build Kenya initiative.
The country exports goods worth 6 billion dollars which equates to 8 percent of the GDP.
According to The Economic Commission for Africa, African Continental Free Trade Area (AfCFTA) has the potential of boosting the intra-Africa trade by 53 percent before 2022. This will be done via the elimination of import duties by 90 percent. However, much has to be done yet as only 22 members have shown a positive sign.
Currently, the intra-Africa trade fluctuations range between 15 and 18 percent with efforts being in place to boost it and reach a 3.4 trillion-dollar market.