Picture courtesy of Kenya's President, His Excellency Dr. William Samoei Ruto, and US President, His Excellency Joe Biden.
President Joe Biden's administration has made the proposed bilateral trade deal with the Kenyan Government, led by Head of State Dr. William Samoei Ruto, a major priority this year, in preparation of the accord's expiration in September 2025.
The US Government announced that it expects "fast progress" in the negotiations of the 11 pillars of the planned US-Kenya Strategic Trade and Investment Partnership (STIP), which will replace the two-decade-old Africa Growth and Opportunity Act (Agoa).
The US negotiators and the Kenyan delegation, led by Trade PS Alfred K'Ombudo, had preliminary talks in Washington between February 6 and 10.
Following a difficult start to the talks, owing largely to regime transitions in both countries, US Trade Representative Katherine Tam has expressed confidence that Biden and Ruto's government will make significant progress in the coming months.
"The STIP (proposed agreement with Kenya) expands on our current collaboration and will pursue greater involvement resulting in high standard commitments in a variety of areas with the goal of raising investment, supporting sustainable and inclusive economic growth, and benefiting workers," stated US Trade Representative Katherine Tai.
The task of developing a better engagement plan based on 11 pillars has been assigned.
Focus topics include promoting consumer, corporate, and worker confidence in the digital economy, protecting the environment, integrating micro, small, and medium-sized enterprises (MSMEs) into global trade, and preventing and combating corruption.
https://www.businessdailyafrica.com/bd/economy/america-lists-trade-deal-with-kenya-on-its-2023-agenda--4147266
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