Free Trade Agreements With Kenya

The United Kingdom is an advocate of liberal free trade and believes in building strong and sustainable partnerships in Africa. Our approach offers mutual benefits and we have a proud track record of doing business with integrity. On February 6, 2020, U.S. President Trump announced that the United States would negotiate trade agreements with the Republic of Kenya after a meeting at the White House with Kenyan President Uhuru Kenyatta. The announcement came when the U.S. Kenya Trade and Investment Working Group held its third meeting in Washington (see the inaugural session, second session) – set up by President Trump and President Kenyatta in August 2018 to lay the groundwork for a stronger bilateral trade relationship. U.S. trade agents have called the Kenyan agreement a model for other African free trade agreements. Kenya`s statements as a “strategic partner, regional leader and trade turner” by both U.S.

Trade Representative Robert Lighthizer and U.S. Ambassador to Kenya Kyle McCarter underscore the seriousness with which Washington intends to reach this agreement. This report contains information on U.S. trade and investment with sub-Saharan Africa (SSA). In particular, it analyzes the sectors in which U.S. trade in goods and services with SSA experienced the strongest growth during the 2016/2018 period; identifies SSA countries where U.S. exports, imports and foreign direct investment (FDI) increased the most during this period; and highlights the main drivers of this growth. Focus on several SSA… [Notice] Relations between the 56 states and Kenya flourish because we trust, respect each other and share values common to our nations. Both believe in a strong economy through an open and free market that allows entrepreneurs, businesses and the private sector to prosper and create jobs. The African Growth and Opportunity Act (AGOA) has improved markets,… In addition to the opening of trade negotiations, the United States and Kenya have agreed on a framework for strategic cooperation to provide technical assistance and trade capacity building in Kenya to maximize Kenya`s exploitation of the trade benefits of the African Growth and Opportunity Act for the remaining years of the preferential program, which is due to expire in 2025.

The framework will also support the development and competitiveness of Kenya`s major agricultural value chains. I look forward toging new trade relations with Kenya, the region`s largest economy, and working with other East African countries to reconcile trade continuity and use free and fair trade to ensure shared prosperity for our peoples. Negotiations for a trade agreement with Kenya are now over In the context of the persistent global pandemic caused by COVID-19, the first round of negotiations is virtually underway, with US and Kenyan negotiators in talks over the next two weeks during several negotiating sessions covering all aspects of a comprehensive trade agreement. In recent months, the United States has begun negotiations for a bilateral free trade agreement with Kenya. These negotiations are in line with the current government`s vision for trade reciprocity, not unilateral trade preference programs.