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New bilateral trade agreement to boost Kenya-Zambia economies

 By Cynthia Kenyani

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The two Heads of States focused on
opportunities to harness the strong bonds of friendship as well as the business
and economic ties including the removal of obstacles to trade
.

 President Hakainde Hichilema and President
Uhuru Kenyatta at State House-Nairobi after signing a bilateral trade agreement.
[Twitter/State House]

 

 

 

Kenya and
Zambia have agreed to work together towards removing barriers that hinder trade
and investment between the people of the two countries.

This comes when President Kenyatta hosted the visiting the Zambian counterpart President
Hakainde Hichilema who is on a state visit.

“We  have agreed to address the
prevailing bottlenecks, including addressing ourselves to a few tariff and
non-tariff barriers that bar our people from enjoying the freedom of trade
amongst themselves,” said Kenyatta.

The Head of State spoke last evening during a State banquet where he and the
First Lady Margaret Kenyatta hosted in honour of President Hichilema at State
House, Nairobi.

Kenyatta pointed out that he had also agreed with his counterpart that the
ministers responsible for trade of both countries will work together to
expeditiously address the outstanding tariff and non-tariff barriers to trade.

“So this visit (by President Hichilema) is nothing more than a visit to
reinforce and enhance the cooperation between our two countries as we seek to
deepen that partnership for the mutual benefit of our respective people,” he
said.

Noting that Kenya and Zambia were amongst the first two countries to sign and
ratify the African Continental Free Trade Area (AfCFTA), he affirmed Kenya’s
commitment to working with Zambia and other African countries in improving the ease
of doing business.

Kenyatta “I want to assure you that the Kenya Government will continue to work
with its partners in Zambia and across the African continent to continuously
remove barriers to trade, continue to improve the ease of doing business,
continue to open our borders to our brothers and sisters across the continent.”

He encouraged Zambian investors to not only make Kenya their investment
destination of choice but also to look to their Kenyan counterparts as their
investment partners of choice.

On his part, President Hichilema concurred on the need for Kenya and Zambia to
work together in eradicating obstacles to trade and investment between the two
countries.

He said time has come for the two countries to trade directly between them instead
of passing through a third party.

“How strange it is that sometimes we (Zambia) trade in goods from Kenya through
Europe and vice versa. Really? Does that make sense? Absolutely not. That’s
what we want to fix. We know you are doing it for the people of Kenya, the
people of Zambia and for Africa,” Hichilema said.

He also emphasized on the need to ensure that the agreements and MOUs signed
were implemented as the two countries move to redefine the way they work with
each other to lower the cost of doing business between them.

The
bilateral trade agreements are:

  • Memorandum
    of Understanding (MOU) on cooperation in the field of veterinary and animal
    health.
  • MOU on
    cooperation in the field of international relations studies  and research.
  • MOU on
    cooperation in promotion of cooperatives.
  • MOU
    between the Kenya Tourism Federation (KTF) and the Tourism Council Zambia (TCZ)
  • MOU
    between the Kenya Utalii College and the Zambia Institute for Tourism and Hospitality
    Studies.
  • MOU on
    cooperation in the field of information, communication and technology.

 





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