By Aoma Keziah
Trade Cabinet Secretary Salim Mvurya hosted the Kenya and United States Chief Negotiators for the ongoing Kenya-US Strategic Trade and Investment Partnership (STIP) negotiations.
The meeting, held in Nairobi, was a key moment in the ongoing discussions aimed at finalizing a comprehensive trade agreement between the two nations.
CS Mvurya expressed optimism that the negotiations, which have been underway for several months, are nearing completion. He indicated that both sides are committed to concluding the talks by Friday, marking a significant milestone in Kenya’s trade relations with the United States.
“The progress made so far is commendable, and we are confident that by Friday, we will have a finalized agreement that will not only enhance trade between our two countries but also create new opportunities for investment and economic growth,” said Mvurya.
The Kenya-US Strategic Trade and Investment Partnership seeks to strengthen bilateral trade ties, boost investment flows, and address key issues such as market access, digital trade, agriculture, and intellectual property rights.
The agreement is expected to provide Kenyan exporters with enhanced access to the US market while promoting US investments in Kenya.
The negotiators, led by senior officials from both governments, have been working to resolve outstanding issues and finalize the text of the agreement.
Mvurya emphasized the importance of the deal in bolstering Kenya’s economy, particularly in the wake of global economic challenges.
“The successful conclusion of these negotiations will position Kenya as a key trade partner with the US, ensuring that our goods and services can compete effectively in the global market,” Mvurya added.
The anticipated agreement is part of Kenya’s broader strategy to diversify its trade partnerships and boost economic growth through international trade agreements.
The Kenya-US trade deal is particularly significant, given the United States’ position as one of Kenya’s largest trading partners.
As the Friday deadline approaches, all eyes are on the negotiators to deliver a deal that will set the stage for enhanced economic cooperation between Kenya and the United States.
The outcome of these negotiations is expected to be announced at a joint press conference, where details of the agreement will be unveiled to the public.
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