• About
  • Advertise
  • Privacy & Policy
  • Contact
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
Advertisement
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
No Result
View All Result
Home News News

The US- Kenya Free Trade Agreement to Benefit Private Sector

by
21st February 2020
in News
0
The US- Kenya Free Trade Agreement to Benefit Private Sector
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The private sector players are looking to capitalize on trade with the U.S. as the Kenyan government seeks to enter into a bilateral trade deal with it.

The stakeholders are discussing ways they will take advantage of the opportunities that will arise from the free U.S. Trade Agreement on investment and trade.

On Thursday, The Kenya Private Sector Alliance (KEPSA), in partnership with the Corporate Council on Africa (CCA), held a meeting with the leaders and state officials to discuss some of the opportunities.

“It is an opportunity for the private sectors of both the U.S. and Kenya to deepen trade and investment ties in key sectors from energy to banking, construction, ICT/digital trade, health, manufacturing and services trade,” CCA president and CEO Florizelle Liser said yesterday.

The country will have an opportunity to increase its exports to the U.S., as noted by Kepsa CEO Carol Kariuki. She had accompanied President Uhuru Kenyatta in his visit to the U.S., where he and his counterpart Donald Trump said the talks towards establishing a trade pact between the two countries had begun.

According to the Kepsa CEO, traders in the country will have an opportunity to grow their businesses significantly.

“Kenya should draw lessons from Morocco on the challenges and opportunities that are emerging with the free trade agreement between them and the U.S. to learn and eventually do better,” she said.

Currently, about Sh100 billion is traded between the two countries a year, with Kenya exporting goods worth Sh46.6 billion under the African Growth and Opportunity (AGOA).

The AGOA pact was signed in 2000 and will expire in five years. It has played a pivotal role in enabling the Sub-Sahara African countries to trade with the US, Kenya, included. The African nations enjoy duty-free exports on a select list of 6,421 goods.

 “As we speak, there is a government team that is also dissecting the deliberations that took place in Washington last week. Kenya has a great appetite for this opportunity,” said the State Department of Trade P.S. Amb. Johnson Weru, during the meeting, congratulating the private sector for deciding to join hands with the government.

According to the U.S. Ambassador to Kenya, Kyle McCarter, the agreement will not only benefit Kenya but the continent at large.

“A successful U.S.-Kenya FTA will stand as a landmark for East Africa and all of Africa,” he said.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to print (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Skype (Opens in new window)

Like this:

Like Loading...

Related

Previous Post

Canada Invites 4,500 Foreigners to Apply for Permanent Residence

Next Post

Jumia Eyes Local Businesses Towards Base Expansion

Next Post
Jumia Eyes Local Businesses Towards Base Expansion

Jumia Eyes Local Businesses Towards Base Expansion

  • Trending
  • Comments
  • Latest
Chilli Farming in Kenya, The Untapped Venture

Chilli Farming in Kenya, The Untapped Venture

20th August 2020
kenya2uhub.com

List of Chinese Construction Companies in Africa

5th February 2021
Raspberry Farming in Kenya: the sign of sucess

Raspberry Farming in Kenya: the sign of sucess

14th February 2022
One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

15th March 2019
Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

3
Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

1

Aljazera interview with Uhuru – Tuesday 22nd

0

Tazama

0

President Ruto – ” A Momentous Occasion For Kenya”

14th September 2022
“A Cultural Metropolis” – No Place Like Home

“A Cultural Metropolis” – No Place Like Home

15th July 2022
protest in Nairobi, Kenys

Activists Protest Cost of Living Crisis In CBD

7th July 2022
Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

17th June 2022

Recent News

President Ruto – ” A Momentous Occasion For Kenya”

14th September 2022
“A Cultural Metropolis” – No Place Like Home

“A Cultural Metropolis” – No Place Like Home

15th July 2022
protest in Nairobi, Kenys

Activists Protest Cost of Living Crisis In CBD

7th July 2022
Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

17th June 2022
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Follow Us

Browse by Category

  • Business
  • Fintech
  • Hospitality
  • KCB DIASPORA AGENT
  • News
  • News
  • Real Estate

Recent News

President Ruto – ” A Momentous Occasion For Kenya”

14th September 2022
“A Cultural Metropolis” – No Place Like Home

“A Cultural Metropolis” – No Place Like Home

15th July 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Copyright 2022 Kenya2uhub.com Powered by Domains Africa Technologies

No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
%d bloggers like this: