Kenya is eager to expand its opportunities and enhance exports to China’s lucrative market.
The Cabinet Secretary for Investments, Trade & Industry Moses Kuria noted that China has over the years become a good ground for Kenyan products and pointed out that its vast market still has room for more exports from Kenya.
He said this is especially the case given that Kenya is looking at boosting the production of various commodities at a time the East Asian nation is opening up its doors to various Kenyan products.
“China is a valued partner in our trade negotiations and we must tap into its enormous market for our products, as we boost our local production,” he said
Kuria made the remarks recently when he held a consultative meeting with the Chinese Ambassador to Kenya Zhou Pingjian at his office.
He added; “In the County Aggregation and Industrial parks, I have engaged with most Governors and we are aggressively looking for investors and China comes in handy,”
The Minister said President William Ruto’s Government is working on establishing an even more-structured mechanism to continue engaging with an increasing number of Chinese investors coming into the country.
And with the growth and emergence of marketing platforms for products to various cities in China, the CS disclosed that Kenya will explore opportunities availed through such as international expos organized by Chinese institutions.
“China has some upcoming trade exhibitions and I’ll be leading the Government’s high-level delegations to engage with potential investors. Additionally, we have also agreed to meet with all Chinese investors in Kenya,” he said
So far, Kenya signed a number of memoranda of understanding (MoUs) with China touching on trade, digital innovations, green development, and investments aimed at increasing export and import opportunities for small and medium enterprises.
The Kenya China Chamber of Commerce has since set up an office in Beijing to start facilitating the trade and identifying export opportunities for Kenyan companies.