CHINA is expected to sign a trade agreement with Kenya at November's Import Expo in Shanghai that will open up the 'expansive Chinese market' to Kenya's fresh produce such as avocado, mango and cashew nuts,' state news agency Xinhua reported
CHINA is expected to sign a trade agreement with Kenya at November's Import Expo in Shanghai that will open up the 'expansive Chinese market' to Kenya's fresh produce such as avocado, mango and cashew nuts,' state news agency Xinhua reported. Opening the door to a reported 40 per cent of Kenya's fresh produce will be expected sanitary and phytosanitary agreements signed at the Import Expo, reported London's Fruitnet.com.
Kenyan President Uhuru Kenyatta will be in attendance to ink the accords, as well as an expected memorandum of understanding to set up a trade negotiation working group who will negotiate tariffs and explore additional markets.
Kenyan news platform, Daily Nation, reported that the deals were expected to bridge a 'huge trade gap' between Kenya and China, which currently works in favour of the Asian nation.
According to the Kenya National Bureau of Statistics last year China exported goods worth a total of US$3.8 billion to Kenya, representing year-on-year growth of 20 per cent. Over the same period, Kenya exported just $1 million worth of goods.
Currently, Kenya exports a number of fresh produce items such as mangoes and avocado to the Middle East and the UK respectively.
