Kenya and the United States next Strategic Trade and Investment Partnership round is scheduled for April 17 to 20, 2023, to further strengthen economic ties between the two sides.
The talks will focus on proposals adopted from draft negotiations initiated in July 2022. The proposed US-Kenya Strategic Trade and Investment Partnership (STIP) aims to develop a roadmap for engagement in areas such as agriculture, digital trade, action on climate change, and trade facilitation and customs procedures.
The first round of negotiations between senior Kenyan and US officials for the proposed Strategic Trade and Investment Partnership was concluded successfully in February.
Assistant United States Trade Representative Connie Hamilton, including representatives from several other US government agencies, will lead the US delegation.
Kenya to host the in-person negotiation round with the United States under the Strategic Trade and Investment Partnership (STIP) talks in Nairobi next month.
#🇰🇪IsOpenForBusiness@IndustryKE@Investment_Ke@HonMoses_Kuria@AlfredKOmbudo@USTradeRep@USEmbassyKenya pic.twitter.com/0LDF879fKx
— Trade Kenya (@Trade_Kenya) March 17, 2023
The STIP agreement outlines the enhanced engagement and high standard of commitment between the two countries. It focuses on increased investment and sustainable and inclusive growth to benefit both countries’ citizens and businesses.
In addition, it includes the intention to support regional economic integration in East Africa.
If adopted, the STIP will eventually replace the non-reciprocal African Growth and Opportunity Act (AGOA), which allows duty- and quota-free exports from eligible African countries into the US and expires in 2025.
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