NAIROBI, Kenya Feb 1 – Kenya and South Africa on Thursday intensified their efforts to strengthen the African Continental Free Trade Agreement (AfCFTA) framework. The two nations that share cordial bilateral relations, marked a significant moment by initiating the first shipment of products under the AfCFTA framework across the African continent. South Africa led the way by sending a shipment containing refrigerators, paperboard, and steel products destined for the Kenyan market. The launch occurred on the sidelines of the 13th AfCFTA Council of Ministers Meeting in Durban, with the President of the Republic of South Africa, Cyril Ramaphosa, presiding over the ceremony. Rebecca Miano, the Trade Cabinet Secretary in attendance, commended the initiative, highlighting the tremendous opportunity it presents for enhanced trade between the two nations. “This action serves as a clear indication that South Africa is open for business within the AfCFTA framework,” she said. Cabinet Secretary Miano emphasized that the consignment from South Africa serves as a genuine testament to the nation’s readiness for strengthened trade ties. “South Africa has confirmed its readiness to trade under the framework. It is also an indication that South Africa is ready to receive imports from the AfCFTA countries whose tariff offers have been finalized and adopted by the African Union Assembly,” she said. Kenya embraced the AfCFTA initiative early on, initiating its first shipment of tea and later expanding its exports to various products in 2022. The AfCFTA, with a collective population of 1.3 billion people and a combined GDP exceeding...
Kenya And South Africa Strengthen Trade Ties Under AfCFTA Framework
Posted on: February 2, 2024
Posted on: February 2, 2024