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Unexploited trade opportunities for Kenya with US

Published on April 10, 2015

Apart from tourism, the African Growth and Opportunity Act (AGOA) remains the most important avenue for increasing exports to the USA. This is the legislation that was signed in 2000 and gives tariff preference to exports from Sub-Saharan countries to USA for approximately 6,400 products. Almost 90 per cent of Kenya’s exports to US have benefited under AGOA comprising mainly textiles and apparels made under the well known export processing zones.

Other product lines are tea, coffee, and pyrethrum. In fact, after the coming of AGOA in 2000, exports to USA significantly increased from $110.2million in 2000 to $348 million in 2005. In the period, 2003 and 2004, trade was to the benefit of Kenya, with exports to US exceeding imports. Read more. Source | The Star