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Pakistan, Kenya look to boost trade

Pakistan wants to increase trade and economic cooperation with Kenya, which is the gateway to many African countries, where there is a big demand for Pakistani goods. Both countries are looking for strong socio-economic development through exchange of information and technologies and sharing experiences in various fields.

Pakistan and Kenya have old cultural ties. Pakistan is opening trade centers in Kenya and other African states since getting more access to new international markets for Pakistani goods through diversification and value addition is essential to ensure better and sustained economic growth.

Kenya is the first African country to have engaged in business-to-business contacts with Pakistan. Pakistan hopes to support Kenya in modernization of agriculture and in the development of the fishing sector.

Pakistan has overtaken Uganda as the largest buyer of Kenyan goods. Private sectors in both countries will play a role in promoting bilateral trade and economic cooperation. Both countries will stress exchange of training and institutional research. Both countries have agreed to form a joint trade committee which would meet twice a year.

In search of new potential markets, Pakistan already launched the Look to Africa initiative in November 2017. Incentives are being given to exporters.

 
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