Bilateral deal-making involving governments of Africa.
photo: World Bank/CC BY-NC-ND 2.0
The pursuit of a new trade pact between Washington and Kenya is eliciting old fears on whether it could hurt adherence to obligations under the East African Community, and hence continental ambitions for more commerce.
Kenya is hoping for a temporary trade partnership before establishing a fully-fledged trade deal with the United States, Citizen Digital news portal reported, citing outgoing Trade and Industrialization Cabinet Secretary Betty Maina.
The UK has demanded that Kenya abide by the provisions of the Economic Partnership Agreement and that its exports to Kenya be exempted from the newly raised East African Community tax charges.
The two countries- (UAE and Kenya) in July launched talks on United Arab Emirates-Kenya Comprehensive Economic Partnership Agreement (UAEK-CEPA) to increase the volume of trade in goods and services and investment.
Kenya-US trade talks could soon be fast-tracked as the latter’s trade representative Katherine Tai, is expected to lead a delegation to President-elect William Ruto’s inauguration this week.
An African supply chain that makes it difficult to move goods by water from Cameroon to Nigeria but easy to move goods from Cameroon to China and other countries is a threat to the regional integration plan.
The East African Community (EAC) partner states have been challenged to increase their volume of transactions under regional and international trade agreements.
Ghana’s export sector is said to be making giant strides as the Ghana Export Promotion Authority about two months ago announced a $3.3 billion increase in non-traditional export earnings for 2021.
In the Kenyan context, Meta’s GDPR woes may be avoided if the U.S. gets its way in a proposed free trade deal between the two countries which is currently in discussions.
“Actual trading is starting between Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania, Tunisia and Ghana. In the coming weeks, the dream of our forebears will be off the ground, and historic as the moment may be.”
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.