https://en.sputniknews.africa/20250227/kenya--somalia-in-talks-for-trade-agreement-to-remove-non-tariff-barriers-between-them-1070841032.html
Kenya & Somalia in Talks for Trade Agreement to Remove Non-Tariff Barriers Between Them
Kenya & Somalia in Talks for Trade Agreement to Remove Non-Tariff Barriers Between Them
Sputnik Africa
Somalia joined the East African Community (EAC) in December 2023, but its trade with Kenya continues to face levies, policy shifts, and non-tariff barriers as... 27.02.2025, Sputnik Africa
2025-02-27T12:18+0100
2025-02-27T12:18+0100
2025-02-27T12:39+0100
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Kenya and Somalia are engaged in discussions to conclude a trade agreement aimed at eliminating non-tariff barriers.The finalization of the Memorandum of Understanding (MoU) on Promotion of Trade Cooperation is a crucial step to facilitate smoother trade relations, Kenya's Trade Cabinet Secretary Lee Kinyanjui said at the Somalia-Kenya Trade Week. He also highlighted the importance of a joint trade committee to address non-tariff barriers. Nation Media Group Chairman Wilfred Kiboro advocated for increased trade, emphasizing Somalia's growing economy and investment potential in agriculture, fisheries, manufacturing, and infrastructure. He pointed to Somalia's vast coastline, which supports a significant fisheries sector and maritime trade opportunities. Both Somalia and Kenya should focus on border security and trade facilitation, improving customs and boosting trade regulations, Kinyanjui said.
https://en.sputniknews.africa/20250222/kenya-reportedly-set-to-receive-15-billion-loan-from-uae-by-next-week-1070782635.html
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somalia, kenya, economy, east africa, trade, free trade, free trade agreement, agreement, cooperation, investment, politics
somalia, kenya, economy, east africa, trade, free trade, free trade agreement, agreement, cooperation, investment, politics
Kenya & Somalia in Talks for Trade Agreement to Remove Non-Tariff Barriers Between Them
12:18 27.02.2025 (Updated: 12:39 27.02.2025) Ekaterina Shilova
Writer / Editor
Somalia joined the East African Community (EAC) in December 2023, but its trade with Kenya continues to face levies, policy shifts, and non-tariff barriers as it works to implement key trade protocols needed to align with EAC regional free trade standards.
Kenya and
Somalia are engaged in discussions to conclude a trade agreement aimed at eliminating non-tariff barriers.
The finalization of the Memorandum of Understanding (MoU) on Promotion of Trade Cooperation is a crucial step to facilitate smoother trade relations,
Kenya's Trade Cabinet Secretary Lee Kinyanjui said at the Somalia-Kenya Trade Week.
He also highlighted the importance of a joint trade committee to address non-tariff barriers.
Nation Media Group Chairman Wilfred Kiboro advocated for increased trade, emphasizing Somalia's growing economy and investment potential in
agriculture, fisheries, manufacturing, and infrastructure. He pointed to Somalia's vast coastline, which supports a significant fisheries sector and maritime trade opportunities.
Both Somalia and Kenya should focus on border security and trade facilitation, improving customs and boosting trade regulations, Kinyanjui said.
