Arab Today, arab today kenyan industrialists ink deal for export growth
Last Updated : GMT 20:14:47
Arab Today, arab today
Arab Today, arab today

Kenyan industrialists ink deal for export growth

Arab Today, arab today

Arab Today, arab today Kenyan industrialists ink deal for export growth

Kenya flag
Nairobi - XINHUA

Kenya's industrialists on Tuesday signed an agreement with a regional investment body to help in the efforts to promote trade and investment under the African Growth and Opportunity Act (AGOA).

The deal, which was inked in Nairobi between the Kenya Association of Manufacturers (KAM) and the East Africa Trade And Investment Hub (EATIH), will also support policy reform activities and expansion of trading avenues.

KAM CEO Phyllis Wakiaga said the deal strengthens KAM's commitment in seizing the opportunity to realize better business opportunities beyond borders.

"We must go beyond the apparel export and strategize ways that we can explore the gains of approximately 6,400 products that are currently eligible for AGOA," Wakiaga said in Nairobi.

AGOA is a preferential market access system given to specific countries in Africa and the Caribbean by the United States.

Under the trade agreement, most of Sub Saharan African countries are allowed to export over 6,000 products duty free to the U.S. market.

Data from the Export Promotion Council indicates that Kenya's non-textile exports to Washington mostly consists of coffee, fruits, precious stones, nuts, cut flowers and tea, while its imports include machinery and other capital goods.

Wakiaga said AGOA offers great opportunities for Kenya's local businesses especially the SMEs.

"It is essential that we build their capacity to enable them leverage this partnership to realize financial sustainability for their businesses. Beyond this we are also looking to diversify our exports through this partnership and increase competitiveness of various agricultural value chains," she said.

Wakiaga said KAM will be organizing and hosting trade delegations, policy and investment promotion activities that will attract investment in the mutual priority sectors, that is, textile and garment, leather and leather products, agro processing, horticulture, ICT and cotton.

"Our country must work towards expanding the range of products that are currently being exported to U.S. market under AGOA," she said.

"African economic operators must now work towards addressing the underlying challenges that have prevented them in the last 15 years from seizing the opportunity to realize better business with the United States," said EATIH Chief of Party Juan Estrada-Valle.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kenyan industrialists ink deal for export growth Arab Today, arab today kenyan industrialists ink deal for export growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kenyan industrialists ink deal for export growth Arab Today, arab today kenyan industrialists ink deal for export growth

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today UAE to open its first nuclear reactor in 2018

GMT 19:11 2017 Tuesday ,26 September

UAE to open its first nuclear reactor in 2018
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday