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U.S Government provides Kenyan companies with tools to increase trade and investment with U.S.

Published on May 31, 2018

 

On May 30, the American Chamber of Commerce (AmCham), in collaboration with the USAID Hub, USAID, U.S Embassy – Nairobi, Kenya Airways and Ministry of Trade Industry and Cooperatives, held its first Doing Business with the U.S.A. Forum. The forum brought together participants from numerous sectors, including agribusiness, trade, technology, merchandise, apparel and textile production, crafts, education, tourism and services. The event equipped the participants with information that will enhance their capacity to leverage business opportunities in the U.S. The event introduced the participants to resources that facilitate trade between Kenya and the U.S., notably opportunities under the African Growth and Opportunity Act (AGOA) and available U.S. and Government of Kenya support via the various agencies mandated to support bilateral trade between Kenya and the U.S.

The U.S Ambassador to Kenya, Robert Godec, delivered the keynote address and emphasized the U.S Government’s commitment to support trade and investment between U.S. and Kenyan companies.

"Kenya’s strengths are the reason why we have seen an unprecedented wave of American companies exploring the Kenyan market, seeking partners and opportunities, bringing their technology, innovation, and enthusiasm for Kenya with them.  My team at U.S. Embassy Nairobi is already, and will continue to be, an active partner supporting these companies, the U.S .and Kenyan private sectors, and you.  Many U.S. government agencies at the Embassy work every day to increase our trade and investment ties, including our Foreign Commercial Service, Foreign Agricultural Service, Economic Office, and USAID," said Ambassador Godec.

In support of the U.S. Government’s goal of increased trade and investment, the USAID Hub assists companies seeking to take advantage of AGOA. From October 2014 to March 2018 the cumulative AGOA exports from Kenya to the U.S. were valued at $1.4 billion,. As part of the USAID Hub’s AGOA information dissemination goal, the USAID Hub delivered a presentation on opportunities under AGOA, helping more companies take advantage of duty-free access to the U.S. market.

“There are 6,421 duty-free lines of product that can be exported from Kenya under AGOA. Time has come to look at AGOA as a great opportunity to grow trade with the U.S.,” said National Vice Chair Kenya National Chamber of Commerce & Industry, James Mureu

On June 28, AmCham in collaboration with several partners will hold the inaugural AmCham Economic Summit 2018 at the UN Complex, Gigiri. U.S. Secretary of Commerce Wilbur Ross will deliver a keynote address as part of his visit to Kenya.

"The visit by the Commerce Secretary and the summit will be another step in our close and growing bilateral partnership.  For more than 50 years, we have worked together in so many areas… security, healthcare, education, agriculture, trade and investment, and much more.  Hand in hand, we’ve improved the lives of Kenyans and Americans.  Our relations are government to government, business to business, civil society to civil society, university to university.  And, they are people to people.  The tapestry of our relations is vibrant and varied.  We are great partners," said Ambassador Godec.