Kenya has secured market access representing 46 per cent of the global Gross Domestic Product (GDP) through various trade agreements, Acting Director of External Trade Joseah Rotich has said.
Rotich said the Kenya-EU Economic Partnership Agreement (EPA), the Kenya-UK EPA, the Kenya-UAE Comprehensive Economic Partnership Agreement (CEPA), the African Growth and Opportunity Act (AGOA), the African Continental Free Trade Area (AfCFTA), the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC) have opened up vast markets across several regions globally.
He emphasised the need for Kenyan producers and manufacturers to leverage on these trade pacts to boost exports and drive economic growth. "Now that we have secured these markets, we need to put in place strategies to access them by increasing our production capacity and diversifying our products to enhance competitiveness," he said.
The acting director was speaking in Nairobi when he officiated a two-day sensitisation workshop for Kenya's National Implementation Committee (NIC) on the AfCFTA implementation strategy.
