Home ECONOMY Kenya Seeks to Expand and Deepen Trade with the US –

Kenya Seeks to Expand and Deepen Trade with the US –

by biasharadigest

President Kenyatta will be travelling to the United States next week seeking to expand and deepen trade relations.

Bloomberg reports that the US and Kenya will announce a free trade deal in the coming week, a first in Sub-Saharan Africa.

Furthermore, the agreement will be a guiding model for future deals that the US signs with other Sub-Saharan Africa nations.

Read Also: US-Kenya agree on bolstering ties on trade & infrastructure

The US extended the African Growth and Opportunity Act (AGOA) for ten years in 2015, allowing 39 Sub-Saharan Africa countries duty free access to the US markets. There are about 6500 products ranging from textiles to manufactured items.

Therefore, the new agreement with Kenya will set precedence for future deals when the AGOA period expires in 2025.

Kenya is America’s 11th largest trading partner in Africa with total trade in 2018 amounting to KSh112 billion.

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