Kenya, South Africa agree to strengthen bilateral trade and relations
Kenya and South Africa have agreed to set up a technical team that will advise on ways to boost trade between the two African nations countries and address bilateral imbalances.
This comes after Kenya’s President Uhuru Kenyatta held a meeting with his host and South African counterpart Cyril Ramaphosa on Tuesday in Pretoria.
Addressing the journalists, Kenyatta noted that the two countries have had a diplomatic relationship for close to three decades and would be best to address the imbalances for the benefit of the two countries.
“In addition to strong bilateral relations which span a wide range of areas, Kenya and South Africa are close partners at the regional and global stage,” said President Kenyatta.
He added that “the technical team that will be formed should review the range of goods and services that South Africa imports from the rest of the world and identify those that South Africa could source from Kenya and vice versa.”
Kenyatta further added that trade and investment remain key pillars in the bilateral relations of the two countries, despite South Africa being one of the leading trading partners in sub-Saharan Africa.
South Africa exported about $500 million worth of goods to Kenya in 2020, compared to imports of about $22 million, according to official statistics. More than 60 South African companies are operating in Kenya.
The two leaders said they would like to see trade between South Africa and Kenya being more balanced.