Kenya-US Trade Relations Show Improvement

In July 2022, Kenya and the United States (US) launched the US-Kenya Strategic Trade and Investment Partnership (STIP). The agreement’s objective is to negotiate an ambitious and comprehensive agreement that will contribute to inclusive growth and development and empower businesses. The US-Kenya STIP marks a crucial turning point in the US’ African trade policy and holds numerous opportunities for the Kenyan economy. However, the lack of preferential market access may prove a bone of contention. So far, the initial announcement of the trade deal makes no mention of tariff reductions. If tariff concessions are not granted under this partnership, it could also hinder the opportunities for other African countries to obtain such concessions in future negotiations. There is, thus, a lot at stake for the successful negotiation of this agreement.

This article in Inc.Africa, by our CEO, Paul Baker and Policy Researcher, Zahraa Beeharry, analyses the United States-Kenya Strategic Trade and Investment Partnership (STIP) agreement and its impact on the rest of Africa.

Related News

Towards Sustainable Tourism: Trends and Opportunities in ...


Talking about Women’s Economic Empowerment on the Interna...


Vietnam: Investor-State Dispute Settlement (ISDS) under V...

IEC in the News

United Kingdom: UK’s Trade under the UK-Vietnam FTA

IEC in the News

Vietnam: Opportunities from the New Insurance Business Law

IEC in the News

Key Messages to come out of Davos 2023 on the Future of T...

CEO insights