Israel and Kenya sign agreement to strengthen economic and trade cooperation

0

JERUSALEM, May 17 (Xinhua) — Israel and Kenya have signed an agreement on boosting bilateral economic and trade cooperation, the Israeli Ministry of Economy and Industry announced Tuesday.

After two-day talks in an Israel-Kenya trade committee, the deal was signed following a meeting between Israeli Economy Minister Orna Barbivay and Kenyan Cabinet Secretary for Finance. industrialization, trade and enterprise development Betty Maina, the ministry said.

The two sides discussed ways to strengthen bilateral cooperation in sectors such as trade, energy, tourism, urban development, environment and water, health, communications and tariffs, a- he added.

“Kenya’s economy has high growth potential and is fertile ground for Israeli business activities,” Barbivay said. “Strengthening economic ties with Kenya will help increase Israeli exports to Africa.”

For his part, Maina said that the two countries enjoy cordial relations underpinned by cooperation in several areas, adding that the purpose of the Kenyan delegation’s visit to Israel was to explore how to increase Kenya’s exports and industrial cooperation. .

Kenya is Israel’s 4th largest trading partner in sub-Saharan Africa, according to Israel’s Central Bureau of Statistics. Israeli exports to Kenya reached US$43.2 million last year, while imports totaled US$13 million.

Share.

About Author

Comments are closed.