The United States and Kenya intend to sign a trade and investment partnership

The United States and Kenya intend to sign a trade and investment partnership and the US International Development Finance Corporation (DFC) has also announced plans to open an office in Nairobi to work in key sectors such as agriculture, health , electric mobility, energy, infrastructure and financial inclusion, in Kenya.

The partnership, with strong private sector participation, aims to promote a business-friendly environment and facilitate trade and investment opportunities in Kenya focused on key priority sectors, including the digital economy, according to a White House fact sheet during the recent official visit. from the President of Kenya, William Samoei Ruto, to Washington, DC.

The visit marked 60 years of official partnership between the United States and Kenya.

The United States and Kenya intend to sign a trade and investment partnership and the US International Development Finance Corporation has also announced plans to open an office in Nairobi to work on key sectors in Kenya, the White House said. The statement came during Kenyan President William Samoei Ruto’s recent official visit to the United States.

Vivo Fashion, a leading Kenyan women’s fashion brand in East Africa, announced the opening of its first retail store in the United States in Atlanta, Georgia, according to the fact sheet.

“Under President Trump’s leadership, the United States and Kenya sought to negotiate a model free trade agreement to set a high standard for U.S. engagement in sub-Saharan Africa, including new access for U.S. agriculture. I appreciate that Kenya remains willing to resume these negotiations. Unfortunately, under President Biden, they have fallen by the wayside in favor of less ambitious negotiations to form a “partnership” that is designed to take effect without congressional approval, the chairman of the Ways and Means Committee said in a statement. , Jason Smith.

“It is vital that the United States reengage with Kenya to show leadership on the African continent and counter China’s malign influence. “Only comprehensive free trade agreement negotiations can address the substantial tariffs facing American exports, including agricultural products, with meaningful enforcement mechanisms, something that frameworks, partnerships and dialogues cannot achieve,” he added.

Fiber2Fashion News Desk (DS)