Us And Kenya Trade Agreement

The latest developments in the Kenya free trade agreement were announced during a visit by Kenyan President Uhuru Kenyatta to the White House in early February. It would be the first U.S. free trade agreement with a sub-Saharan African country and its second on the continent after the free trade agreement with Morocco in 2006. After formally informing Congress that the two countries began negotiations on the proposed trade agreement in March, the U.S. government asked U.S. and Kenyan companies to share their views on the proposed free trade agreement, which defines the reasons for the pact. The deadline for submissions is April 28, after which the U.S. Trade Policy Committee (TPSC) will hold a public hearing in Washington DC. For the European Union and China, the Kenyan agreement once again marks the United States` intention to strengthen trade development and competition in Africa.

The main objective is to ensure duty-free access for American industrial, clothing and agricultural products in Africa. It`s about making U.S. exports competitive. This model allows foreign companies located in selected export areas to be eligible for duty-free exports to the U.S. market. Clothing as Kenya`s main export objective, the success of its negotiating capacity is assessed on the basis of how it integrates inputs and outputs from its export processing areas. An agreement that considers that all clothing exports, regardless of ownership and source of inputs, are considered „Kenyans” for an appropriate period of time should be the objective. On February 6, 2020, U.S. President Trump announced that the United States would negotiate trade agreements with the Republic of Kenya after a meeting at the White House with Kenyan President Uhuru Kenyatta. The announcement came when the U.S. Kenya Trade and Investment Working Group held its third meeting in Washington (see the inaugural session, second session) – set up by President Trump and President Kenyatta in August 2018 to lay the groundwork for a stronger bilateral trade relationship.

As an investment vehicle, the US Kenyan agreement should be modelled on the Jordanian model of „qualified industrial zones,” which has increased bilateral trade between the two states tenfold since its inception in 2001. 1. A comprehensive assessment of the economic impact on the impact of the free trade agreement on the Kenyan economy. This assessment should be accompanied by an assessment of the impact on human rights proposed by the UN Special Rapporteurs [1], as well as an assessment of environmental and social impacts, particularly of the informal sector, which is mainly occupied by women. 2. To investigate the capacity gaps for Kenya under AGOA to identify current challenges in U.S.-Kenya trade. 3. The need to continue public consultations beyond the ongoing consultation with major lobby groups.

Particular attention should be paid to the child industries, which are likely to be hard hit by the free trade region, as their views may not be sufficiently taken into account by the major lobby groups. 4. Consultation with other stakeholders outside the private sector, including civil society organizations and EAC partners. 5. The current technical negotiating capacity and the possible need to build capacity in this area.

Podziel się na:
  • Facebook
  • Google Bookmarks
  • Twitter
  • email
  • Wykop