Friday, August 02, 2013

Kenyan investors want Ethiopia to remove trade hurdles

(Aug 02, 2013, (The Standard))--Kenyan traders have urged the Ethiopian government to remove bottlenecks hindering growth in bilateral trade between the two countries. Through their lobby, the Kenya Association of Manufactures ( KAM), traders urged the Ethiopia to fast-track investment opportunities .

“The transit pact will allow the movement of transit cargo and goods across the border at Moyale,” KAM chief executive officer Betty Maina Maina said in a statement after a three day visit to Ethiopia.

The Kenyan delegation was led by Cabinet Secretary for East African Community, Tourism and Commerce Phyllis Kandie. Ms Maina  added that members of the delegation requested Prime Minister Hailemariam Desalegn to fast track investments by allowing Kenyan banks and retailers to operate in the country.

This includes improving capacity building and signing the Comesa Free Trade Area protocol to which the country is not yet a signatory.  But Ethiopia’s Prime Minister, Hailemariam Desalegn called for  a quick ratification and development of the protocols for the implementation of the Special Status Agreement (SSA) signed last year. Read more from The Standard » 

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