Kenya and Canada have made a commitment to increasing cross-border investment and trade.
This comes after a meeting between Canada’s Minister of International Trade, Export Promotion, Small Business, and Economic Development, Mary Ng, and Kenyas Investment, Trade and Industry CS Moses Kuria.
“During the meeting, Ministers Ng and Kuria discussed the priorities and ongoing efforts of the Ottawa Group on WTO reform, including dispute settlement reform, and how to make progress on these and other initiatives in the lead-up to MC13,” the Canadian government said in a statement.
Minister Ng emphasized Canada’s dedication to strengthening its relationship with Kenya, particularly by expanding our two countries’ trade links in the fields of clean technology, Internet and communications technology, education, services, and infrastructure.
She emphasized Canada’s dedication to working with Kenya in areas of mutual interest that provide doors for trade and investment.
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“We have discussed matters of cooperation, bilateral trade, and investment opportunities here in Kenya with the aim of having a successful and beneficial working relationship between the two countries,” CS Kuria wrote on Twitter.
Kenyan imports from Canada were valued at Sh8.7 billion in 2021, down from Sh10.4 billion in 2021 and Sh13.9 billion the year before, according to Kenya’s Economic Survey 2022.
Kenya increased its exports to Canada from Sh1.2 billion to Sh2.2 billion in 2021. Since taking office, CS Kuria has been aggressive in finding trade and investment partners, potentially opening up new markets for Kenya.
