The first engagement will be a virtual trade mission to Kenya from Canada in May.
The 3-year agreement MoU was signed today during the Second Session of the Binational Commission meeting between the Governments of Kenya and Canada – and is subject to ongoing renewal.
“This MoU will solidify the existing trade relations between Kenya and Canada and establish strong bonds between the two countries that will go a long way to boost private sector trade and investment. The MOU will also enable us to exchange business information with CACB which is critical especially to our members who wish to expand their coverage to international market,” explained Ms. Carole Kariuki Karuga, KEPSA CEO.
The Kenya Private Sector Alliance (KEPSA) and The Canada-Africa Chamber of Business announce major Memorandum of Understanding (MoU)
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Encouraging competition in AfCFTA: Govt waives import duties
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Published 31 December 2020
Lack of infrastructure, consistent foreign trade deficits, worsening exchange rate among other economic challenges are major impediments that may hinder production of standard and cheap products that can compete favourably with foreign products when the African Continental Free Trade Area commences, NIKE POPOOLA reports
Comparative advantage
Nigeria has consistently maintained foreign trade deficit records in recent quarters. This means imports have continued to exceed exports.
This situation is a major concern of stakeholders who are worried about the capacity of the country to compete favourably with its continental neighbours when the African Continental Free Trade Area starts on January 1, 2021.