Kenyan industrialists ink deal for export growth

Kenya's industrialists on Tuesday signed an agreement with a regional investment body to help in the efforts to promote trade and investment under the African Growth and Opportunity Act (AGOA).

The deal, which was inked in Nairobi between the Kenya Association of Manufacturers (KAM) and the East Africa Trade And Investment Hub (EATIH), will also support policy reform activities and expansion of trading avenues.

KAM CEO Phyllis Wakiaga said the deal strengthens KAM's commitment in seizing the opportunity to realize better business opportunities beyond borders.

"We must go beyond the apparel export and strategize ways that we can explore the gains of approximately 6,400 products that are currently eligible for AGOA," Wakiaga said in Nairobi.

AGOA is a preferential market access system given to specific countries in Africa and the Caribbean by the United States.

Under the trade agreement, most of Sub Saharan African countries are allowed to export over 6,000 products duty free to the U.S. market.

译文如下：

肯尼亚实业家为出口增长签署协议

周二肯尼亚的实业家与地区投资体签署了一项协议，根据《非洲增长与机会法》(AGOA)，以助于努力促进贸易和投资。

该协议是由肯尼亚制造商协会(KAM)和东非贸易及投资中心(EATIH)在内罗毕签署,还将支持政策改革活动以及扩张的交易途径。

KAM首席执行官Phyllis Wakiaga称,该协议将加强KAM承诺抓住机会实现超越国界更好的商业机会。

“我们必须超越服装出口并制定策略,我们可以探索目前在《非洲增长与机会法》中合格的约6400种产品受益,”Wakiaga在内罗毕说。

《非洲增长与机会法》是美国给在非洲和加勒比地区特定国家的一个优惠的市场准入系统。

根据此贸易协定,大多数撒哈拉以南非洲国家被允许6000多种产品免税出口到美国市场。