The Trade, Investment, and Industry Cabinet Secretary, Lee Kinyanjui, has said that the 10% tariffs imposed on Kenyan exports by the United States provide the country with a unique opportunity to expand its market.
In a statement on Thursday, April 3, the CS noted that the new tariffs not only present challenges but also open up an avenue for the country to grow its exports of textile products globally, particularly in the United States, where the demand for such products remains high.
According to the CS, the 10% export tariffs imposed on Kenya are much lower than those faced by the country's key textile exporting competitors, including Vietnam (46%), Sri Lanka (44%), Bangladesh (37%), China (34%), Pakistan (29%), and India (26%).
Kinyanjui stressed the need for more investment in the industry to attract businesses that are seeking alternatives to countries with higher tariffs.
