This report contains information on U.S. trade and investment with sub-Saharan Africa (SSA). In particular, it analyzes the sectors in which U.S. trade in goods and services recorded the strongest growth with SSA 2016-18; identifies the SSA countries for which exports, imports and FDI to the US increased the most during the period considered; and highlights the main drivers of this growth. Focus on several SSAs. As East Africa`s largest economy and in the top 10 across the continent, Kenya is an important trading partner for Britain. This agreement also recognizes the importance of the entire region – other members of the East African Community trade bloc can join the agreement if they are ready. Both sides described what they wanted to accomplish in the negotiations. U.S. goals are predictable.
USTR has identified 24 chapters it wants to negotiate, including technical barriers to trade, intellectual property, digital commerce, anti-corruption, good regulatory practices, and subsidies. Kenya`s statement of objectives is just as detailed, but not as detailed. The Department of Industrialization, Trade and Business Development has identified 22 chapters it wants to negotiate with the United States. The UK is an advocate of liberal free trade and believes in building strong and lasting partnerships in Africa. Our approach offers mutual benefits and we pride ourselves on doing business with integrity. U.S. leaders have asked President Trump to oppose exporting more plastic waste to Africa after an investigation by Unarthed and the New York Times revealed the oil industry`s attempts to influence a U.S.-Kenya trade deal. In a letter published after the investigation made the front page of the New York Times, a Republican and 61st trade agreements were signed by the United States in 2008 with the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA) in 2008. Kenya is a member of both regional organizations.
The USTR Africa office is also leading U.S. efforts to create a new trade and investment partnership with the East African Community. I am pleased that we have reached a trade agreement with Kenya. This agreement gives businesses confidence that they will be able to continue to act as they do now and support jobs and livelihoods in both our countries. Thus, the IEA wants to influence Kenya in the formulation of a development-oriented trade policy in Kenya. On March 17, 2020, the Trump administration informed Congress that the President intended to negotiate a trade agreement with the Republic of Kenya pursuant to Section 105(a)(1)(A) of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (Trade Priorities and Accountability Act). This communication came following a meeting between President Trump and the Kenyan President on February 6, 2020 at the White House. At this stage, the political commitment of the two leaders in the negotiations is of the utmost importance.
President Uhuru Kenyatta is one of the few African leaders to have established a positive relationship with President Trump and is the only African leader to have made two visits to the White House. After its second meeting in February, the American Chamber of Commerce established a U.S.-Kenya Trade Working Group to build mutual trust and find common ground between the parties on key business priorities. . . .