NAIROBI, 20 January 2021 – Kenyan President Uhuru Kenyatta says he will continue work to seal a new trade deal with the United States.
The agreement, if successfully concluded, would be the first to be reached between the United States and a single sub-Saharan African country.
Negotiations – held virtually – on the future deal began in July 2020 with the Trump.
Kenyatta said Wednesday that his government intends to pursue the negotiations with the incoming administration of newly-inaugurated American President Joseph R Biden.
Kenya’s decision to seek a biltateral deal comes only four years before the expiration in 2025 of the duty and tax-free deal with the entire continent known as the African Growth and Opportunity Act (AGOA).
It is not known what the administration of Joe Biden would prefer or offer the continent.
Observers believe that it is likely that Washington will opt to replace AGOA with another multilateral agreement, instead of negotiating bilateral deals.
At the start of the negoations in July 2020, the US Trade Representative Ambassador Robert Lighthizer said that a deal with Kenya could become a model for future trade agreements with other African countries.
Kenyan exports to the United States in 2019 brought into the country’s treasury revenue in excess of $600 million, while improts from the United States were estimated at just north of $400 million.