{"id":19630,"date":"2023-04-03T10:06:20","date_gmt":"2023-04-03T08:06:20","guid":{"rendered":"https:\/\/ecomnewsafrique.com\/?post_type=news&#038;p=19630"},"modified":"2023-04-03T10:06:21","modified_gmt":"2023-04-03T08:06:21","slug":"kenya-kenyan-authorities-hope-to-sign-a-trade-agreement-with-the-usa-by-april-2024","status":"publish","type":"news","link":"https:\/\/ecomnewsafrique.com\/en\/2023\/04\/03\/kenya-kenyan-authorities-hope-to-sign-a-trade-agreement-with-the-usa-by-april-2024\/","title":{"rendered":"Kenya: Kenyan authorities hope to sign a trade agreement with the USA by April 2024"},"content":"\n  \n    \n      \nThe Kenyan authorities hope to sign a trade agreement with the USA by April 2024. This is reported by the Reuters media on March 23, citing the Ministry of Commerce.\n\n    \n  \n\n\n  \n    \n      \nWith its American partner, the East African country has started negotiations which should lead to an agreement in principle at the end of the year. Nairobi hopes, through this new agreement, to revitalize trade and encourage investment from the United States in various sectors of its economy.\n\n    \n  \n\n\n  \n    \n      \nIt has also benefited, for 23 years, from the AGOA program (Africa Growth and Opportunity Act), a US trade law that promotes access to the US market for eligible sub-Saharan African (SSA) countries. AGOA has since been renewed until 2025.\n\n    \n  \n\n\n  \n    \n      \n\u201cThe agreement will not be about tariffs, but will complement AGOA and cushion the blow for Kenya if the program is not extended,\u201d said Moses Kuria, Minister of Commerce.\n\n    \n  \n\n\n  \n    \n      \nIn 2020, under President Trump, negotiations were started for a free trade agreement between the two nations to lower tariffs. However, the Biden administration did not resume those talks, but instead opted for &#8220;a non-tariff partnership aimed at strengthening labor and production standards in Kenyan economic sectors, such as agriculture and digital services, so as to facilitate American trade and investment\u201d.\n\n    \n  \n\n\n  \n    \n      \nThe Kenyan economy is one of the most diversified and dynamic in East Africa, of which it processes a large part of the commercial flow, through the port of Mombasa. The United States is the main destination of the country&#8217;s exports and the seventh source of its imports.\n\n    \n  \n\n\n  \n    \n      \nAccording to the International Trade Center, trade between the two countries amounted to $1.5 billion in 2022.\n\n    \n  \n\n","author":116,"featured_media":19343,"comment_status":"open","ping_status":"closed","template":"","tags":[498,1581,490],"location":[505,511],"class_list":["post-19630","news","type-news","status-publish","has-post-thumbnail","hentry","tag-agreement","tag-commerce-2","tag-united-states","location-africa","location-kenya-en"],"short_url":"https:\/\/bit.ly\/3U6Mcog","have_related_news":"done","chapo":"The Kenyan economy is one of the most diversified and dynamic in East Africa with growth of 5.3% in 2022, according to the IMF. To support its economy and encourage investment, the country is negotiating agreements with its historical partner.<br \/>\r\n","media":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2023\/03\/Kenya-nairobi-550x360.jpeg","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2023\/03\/Kenya-nairobi-550x360.jpeg 550w","sizes":"550px","alt":"Kenya nairobi","width":550,"height":360,"ratio":0.67,"credit_photo":""},"media-news-header":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2023\/03\/Kenya-nairobi.jpeg","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2023\/03\/Kenya-nairobi.jpeg 1170w","sizes":"1170px","alt":"Kenya nairobi","width":1170,"height":658,"ratio":0.67,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kenya: Kenyan authorities hope to sign a trade agreement with the USA by April 2024 - Ecomnews Afrique<\/title>\n<meta name=\"description\" content=\"The Kenyan authorities hope to sign a trade agreement with the USA by April 2024. 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