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Tuesday, 23 August 2016

Japan wants forum to boost trade with Africa

Japan is expected to use the sixth Tokyo International Conference of Africa's Development slated for Nairobi, Kenya this week to boost trade relations between the nation and the continent at a time when it is trailing behind its Asian peers. According to data released Monday by the Kenya National Bureau of Statistics (KNBS), while Japan's monthly exports to Kenya average 67.4 million U.S. dollars, India ships into the East African nation goods worth 193 million dollars and China's exports stand at 233 million dollars. In the January-May period, according to the KNBS data, Japan's exports to Kenya stood at 339 million dollars. During the same period, India was recorded at 965 million dollars while China at 1.2 billion dollars, according to the government agency. Japan's top exports to Kenya consist of iron and steel products and motor vehicles. "This conference will bring both immediate and long-term benefits to both Kenya and Japan. We expect to strengthen existing bilateral relations with Japan," said Devolution Cabinet Secretary Mwangi Kiunjuri. The East African nation is also expected to push for direct flights between Tokyo and Nairobi to boost its exports to the Asian nation.

Source: news.xinhuanet.com