The US has a stronger manufacturing sector meaning their products are likely to be more competitive than the locally produced commodities.
The FTA initiative should be seen in the context of the Trump administration’s determination to pursue bilateral deals to enhance reciprocity and American gains.
Kenya’s proposed free trade deal with the US has put it in the crosshairs as critics say the planned bilateral agreement would be a breach of regional and continental trade protocols.
Kenya surrendered its customs space to the bloc in 2005 when it signed its customs union protocol. The rulebook compels member states to negotiate all trade pacts jointly.
President Donald Trump has announced the United States intends to initiate trade agreement negotiations with Kenya.
The US and Kenya are expected to announce negotiations on a free-trade agreement, America’s first such deal with a sub-Saharan country.
The working group is exploring ways to deepen the trade and investment ties between the two countries and lay the groundwork for a stronger future trade relationship.
Barbados is looking to enter into a double taxation agreement and a bilateral investment treaty with Kenya.
Kenya spends at least Sh500 million in defending a single case filed by investors at international courts under the Bilateral Investment Treaties, according to a regional trade negotiation institute.
The UK-Eastern and Southern Africa (ESA) Trade Continuity Agreement is meant to replicate the Economic Partnership Agreement that the East African Community is yet to sign with the European Union.
Kenya is asking that EAC partner states adopt the variable geometry, a move that would be viewed as counter to regional integration.
Nairobi will from Tuesday host an African Chambers forum to help fast track realisation of the African Continental Free Trade Agreement (AfCFTA) as well as prepare businesses for the block.
A case filed by Cortec Mining Ltd and two others against the Republic of Kenya under the Kenya-UK BIT amounting to Ksh.200billion has been dismissed.
The UK will be planning to roll over "copycat" European Union agreements with African nations.
The prime minister has used her first official visit to the region of more than one billion people to stress that Britain’s relationship with former colonies, including Kenya and other African nations.
United States Trade Representative and Kenyan Cabinet Secretary for Industry, Trade and Cooperatives announced the establishment of a US-Kenya Trade and Investment Working Group to explore ways to deepen the trade and investment ties between the two countries.
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.