Trade and Cooperatives Cabinet Secretary Peter Munya says that Kenya is negotiating for a Free Trade Agreement with several African nations.

The Agreement that brings together 44 African countries and about 1 billion consumers will boost Kenya’s exports with target countries expected to have signed the agreement by July 2020.

Furthermore, Munya stated that bilateral agreements with East African Community members had brought on board 150 million consumers.

Trade agreements with the United States such as the Africa Growth Opportunity Act (AGOA) are likely to grant Kenyan products duty-free access to the American market.

Kenya being a member of Common Market for Eastern and Southern Africa (COMESA) has access to 500 million potential customers.

The agreement presents new markets for Kenya’s agricultural and industrial products

Source: Kenyan WallStreet

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