Home ECONOMY New Kenya-US Free Trade Agreement Deal Announcement Expected

New Kenya-US Free Trade Agreement Deal Announcement Expected

by biasharadigest

Never in
Kenya’s history has what is happening now been witnessed.

Political enemies
who have led to chaos in the country are now best of friends leading to some Kenyans
questioning the legitimacy of the decisions they make when voting.

With President
Uhuru Kenyatta and Raila Odinga now best of friends on the political scene,
questions abound as to what is next for this great country. Many say and feel
that Kenya is headed in the wrong direction at a breakneck speed.

For
starters, the two left for the US soon after attending a UB40 concert in
Nairobi where they were in high spirits. The new found love for both could be a
replica of what was for the senior Kenyatta and Odinga. Only time will tell.

National Prayer Breakfast Meeting

The two are
in the US for the 68th US National Prayer Breakfast Meeting, according to Spokesperson
Kanze Dena-Mararo.

Kanze says
that Kenyatta will be attending the prayer breakfast meeting slated for February
5th to 6th 2020 at the invitation of the US Congress.

Themed “Reconciliation,
Faith and Peace Building” this meeting is organized by the Fellowship
Foundation in Washington DC.

The event
will see over 2,000 international guests attending including political and
business leaders, the US Congress, members of the diplomatic corps and
religious leaders.

According to
Kanze, Kenyatta and Raila have been invited to speak at an international
luncheon that will precede the Prayer Breakfast.

“Part of the reason the President and the former PM have been invited to attend the US national prayer breakfast is their demonstrated commitment to peaceful and constructive resolution of internal conflicts in Africa, particularly the example the government of Kenya has set in deepening democratic values, rule of law and inclusive pro-poor development-friendly policies,” stated Kanze.

Time for Business

The
American foreign policy towards Africa has recently shown a positive shift in
favour of African countries that have demonstrated strong democratic
credentials that project an image of long-term internal stability.

This is
considered a critical factor that resonates with the policy of encouraging
American companies to increase their investment portfolios in Africa in
priority sectors that will generate decent jobs for the youth, reduce poverty
and spur economic growth.

Kenya is
working closely with the US government in crafting a trading arrangement that
guarantees continued market access for Kenya’s products in the US market after
the African Growth and Opportunity Act (AGOA) comes to an end in 2025.

Under AGOA Kenya enjoys Duty-Free Quota Free access to the US market, making the US Kenya’s 3rd largest export destination.

Kenya-Us Free Trade Agreement

While in Washington DC, Kenyatta is expected to hold bilateral meetings with senior US government officials and the private sector.

During meetings
with American business membership groups, President Kenyatta will be expected
to pitch for Kenya as an ideal business, investment and tourism destination.

The
President will also engage with the US congress, Chairmen of Finance, Defense
and Foreign Relations Committees.

In August
2018, at a meeting between President Trump and President Kenyatta in Washington
DC, a technical working group was established to promote trade and economic
relations between Kenya and US.

President
Kenyatta’s visit to the US to attend this year’s US national prayer breakfast
will also see the group convene.

This will
be the 3rd meeting of the technical working group that oscillates between
Nairobi and Washington DC.

It is
expected that at the end of the technical working group meeting, a joint
statement will be issued announcing the commencement of negotiations geared
towards a new Kenya-US free trade agreement.

Read >> American Companies Opening in Kenya Renew Hope for Economy

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