Kenya’s trade officials have said they will be taking steps to expand exports and raise the country’s share of new investments during the second edition of Trade Week at the end of this month.
Deputy Prime Minister Tharman Shanmugaratnam meets their govt leaders, discusses ways to boost cooperation in various areas.
Singapore and Kenya signed two agreements yesterday, a Bilateral Investment Treaty (BIT) and an Agreement for the Avoidance of Double Taxation (DTA), to promote greater investment flows.
Kenya will not sign a free trade agreement that China has been negotiating with the East African Community (EAC) partner States since 2016.
The government risks losing up to Sh500 billion in an international arbitration case against mining firm, Cortec, after it failed to provide Sh100 million in the second mini-budget to pay a UK-based law firm representing it in the case.
East African leaders call for further negotiations on EPA with their European counterparts.
Under EPAs, small-scale farmers are disadvantaged.
Kenya is facing cases at International Centre for Settlement of Investment Disputes (ICSID) with claims amounting to Sh334 billion.
Global mining firms want Kenya compelled to pay Sh334 billion as compensation for cancelling their licences.
Kenya has initiated informal bilateral talks with Britain as it seeks to establish a new trade deal to protect its exports to the European market now that Brexit will likely affect duty free access of Kenyan goods to the country.
Indonesia seeks to initiate negotiations on trade agreements under both bilateral and regional schemes this year to help jack up the country’s exports.
Kenya will take its case to the European Union in Brussels in a last-ditch effort to garner support for the Economic Partnership Agreement deal.
Japan intends to conclude new bilateral investment treaties with 13 countries, including Algeria and Morocco.
Kenya is currently reviewing all its bilateral trade agreements it has signed with other countries with a view to enhancing exports, officials said.
Plans to establish a single market for the 26 African countries in the Eastern and Southern African region – known as the tripartite free trade area (TFTA) – could be overly ambitious.
Jordan and Kenya are expected to sign a free trade agreement (FTA) before the end of the year, Minister of Industry, Trade and Supply Yarub Qudah said.
The East African Community is once again facing a delicate diplomatic situation as it seems now more than ever that, after protracted negotiations, member states may have to just agree to disagree on the Economic Partnership Agreement.
Kenya’s quest to close an economic partnership agreement (EPA) with the European Union ahead of next year’s deadline has run into fresh head winds after a Tanzanian lodged a civil suit in the East African Court of Justice, seeking to stop it.
Countries in East Africa are ready to sign on a poorly understood trade agreement with the EU whose overall impact will be disastrous for years to come.
Kenya has embarked on another round of diplomatic talks with her least-developed East African Community peers in a fresh bid to convince them to sign a trade deal with 28-member European Union.