Manufacturers urged to tap bilateral trade deals to lift exports

Written By: Betty Kiptum

Industrialization Trade and Enterprise Development Cabinet Secretary Betty Maina. PHOTO. | File

The government is calling on manufacturers to take advantage of opportunities created in international markets after Kenya sealed bilateral trade deals with tens of countries.

KBC Radio_KICD Timetable

Industrialization Trade and Enterprise Development Cabinet Secretary Betty Maina says the government has been negotiating and signing various trade deals adding that it is up to local manufacturers and producers of various goods to enter these markets and enjoy the benefits of the trade agreements.

Also Read  NCA seeks MSMEs participation in affordable housing through compliance

The trade imbalance between Kenya and the rest of the world is in favor of other countries.

The latest data from the Kenya National Bureau of Statistics indicates that within the first half of this year the value of imports exceeded that of exports by Kshs. 459 billion shillings.

Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153

This is despite the government aggressively seeking new markets for Kenyan products.

Also Read  China's telecom giants ask for Wall Street relisting

Kenya and the UK recently struck a deal that will provide trade continuity for businesses, investors and supply chains besides setting foundations for further bilateral ties after the UK exits the European Union next year.

According to CS Maina manufacturers of various goods need to step up value addition on their products to ensure they fetch higher prices and are quality in the eyes of the consumer.

Also Read  Travel Outlook: Digital planning to lift bookings in 2021

She lauded Melvin Marsh which was celebrating 25 years in business for pushing the Kenyan brand to the international market.

Melvins MD Flora Mutahi said young entrepreneurs can push Kenyan businesses forward with the right support and guidance.


Tell Us What You Think