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Kenya: President Uhuru roots for new trade ties after Brexit

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Monday, 05 December 2016

Kenya: President Uhuru roots for new trade ties after Brexit

President Uhuru Kenyatta has urged Latin American and Caribbean countries to invest in Kenya. President Kenyatta said yesterday the changing global political and economic order such as Brexit and the election of Donald Trump as US President calls for countries to forge new trade partnerships. In a speech read on his behalf by Principal Secretary for Trade Chris Kiptoo at the first Latin America Caribbean Africa Trade Summit (LAC AFRICA) in Nairobi, the President said trade volumes between Kenya and the two regions is worryingly low. “Whereas we have been seeing the Chinese, Indians, Americans and Europeans up their investments in Kenya, and also trade with these countries grow, investments and trade from Latin America has remained stagnant. It is time we put this to an end,” he said. About 30 companies from Brazil, Uruguay, Chile, Colombia, Jamaica, Argentina and Costa Rica are attending the summit.

Source: www.standardmedia.co.ke/