Kenya-US free trade talks are under way: what Nairobi must get right from start
Kenya-US free trade talks are under way: what Nairobi must get right from start
The United States and Kenya formally launched negotiations for a free trade agreement on 8 July 2020. With the US gearing up for presidential elections in a few months, these talks may not draw much global attention. But as a prototype for evaluating the substance of future US-Africa trade relations, a lot rides on Washington using this deal to make a bold statement of its commitment to effective North-South free trade agreements.
The US is the third most important destination for Kenyan exports after Uganda and Pakistan, accounting for 8% of its total exports. Kenya exported goods worth US$ 527 million in 2018, primarily apparels, coffee and nuts. Its imports were mainly commercial aeroplanes and other spacecraft, polymers and medicaments. Kenya has a slim trade surplus that the US will probably be keen to balance.READ MORE
Source:https://theconversation.com/
