Bilateral deal-making involving governments of Africa and the Middle East.
photo: World Bank/CC BY-NC-ND 2.0
Kenya has moved to fence in its key economic segments as it prepares for the first round of free trade area (FTA) negotiations with the US from July 9 to 17.
Country must engage in thoughtful, deliberative process or should be set for short end of the stick.
The United States and the UAE reaffirmed their intention to pursue new economic, trade, investment and commercial opportunities at their seventh economic policy dialogue.
Kenya’s negotiations with the United States while the African Union is in ongoing negotiations on a future agreement between African countries makes this a transitional moment in Africa’s trading relationship with the West.
US-Kenya trade talks are due to start in the next couple of weeks, US Trade Representative, as Kenya President announced discussions have been delayed until the Africa free-trade deal comes into force.
A membership network comprising civil society organizations, trade unions and farmer groups strongly opposed the proposed Kenya-US FTA, as Kenyan President announced a delay in talks.
The US aims to establish commitments to ensure Kenya refrains from imposing measures that restrict cross-border data flows and does not require the use of installation of local computing facilities.
AGOA doesn’t expire until 2025, but the industry looks for certainty to the region in the face of the pandemic and upcoming US trade talks with Kenya.
The agreement portends the danger of crippling sectors such as agriculture and manufacturing and disintegration of its economy in Kenya.
Through the reciprocal trade deal, the US government is seeking unfettered entry for its companies into nearly all segments of Kenya’s economy including the heavily guarded ones.
Tralac’s page on the African Continental Free Trade Area
The Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) is a regional non-governmental organization founded in 1996 soon after the WTO Singapore Ministerial Conference — mainly focusing on WTO, but also bilateral and regional trade negotiations in Africa.
The Southern and Eastern African Trade Information and Negotiations Institute (SEATINI) is an African initiative to strengthen Africa’s capacity to take a more effective part in the emerging global trading system and to better manage the process of globalization.