Kenya seeks a temporary trade deal with the US before full-fledged pact

kenya seeks a temporary trade deal

Before negotiating a full-fledged trade agreement with the United States, Kenya is looking for a temporary trading partner.

As she leaves the stage, outgoing Cabinet Secretary for Trade and Industrialization Betty Maina anticipates that discussions on the agreement will continue under the new administration.

She stated on Monday that talks are presently under on to create a strategic trade and investment partnership as a stand-in for a full free-trade agreement (FTA) in the future.
Currently, through September 16, various American and Kenyan businesses may submit comments to the US as represented by its Trade Representative Office (USTR).

In addition to previous appointments, Katherine Tai, the US Trade Representative, was chosen to represent President Joe Biden during Tuesday’s inauguration of new President William Ruto.

In October, the two nations are expected to pick up their negotiations.

Despite this, Kenya and the US have committed to cooperating in a number of sectors, including agriculture, anti-corruption, the digital economy, ecology, and climate change. They have also agreed to cooperate on sound regulatory standards, MSMEs, workers’ rights, and the inclusion of youth and women.

The negotiators plan to set the standard for future trade negotiations between the US and the rest of Africa.

The US examined prior trade agreements after administration changes and established a new roadmap in July of this year.

Kenya is now negotiating its first bilateral agreement with the US; all of its prior agreements have been multilateral.

The Kenya-UK Economic Partnership Agreement (EPA), the Kenya-UAE Comprehensive Economic Partnership Agreement, and the interim Kenya-EU EPA are a few more agreements that have recently been finished or are now being worked on.

Amb. Johnson Waweru, Kenya’s outgoing principal secretary for trade and chief negotiator in trade talks, has urged the new administration and the business community to be steadfast in their support of Kenya’s requests at the bargaining table.

“Use a single voice. That is what I want of you, “he said in a letter to private sector actors. He informed participants in a private sector meeting on Monday that “what you have on the table between the negotiators should be the same script offered to the UAE, the Americans, the British, and the Europeans.”

Kenya has struggled in its trade agreements to gain access to new export markets while maintaining the competitiveness of locally produced goods and services, Kenya has struggled in its trade agreements.

Kenya’s present market access to the United States through the Africa Growth and Opportunity Act (AGOA), which ends in 2025, is anticipated to be replaced by the new trade agreement between Kenya and the US.

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