Foreign Affairs Cabinet Secretary Amina Mohamed says Africa
should present a common agenda when the world converges in Nairobi this
December for a trade summit.
Speaking in Geneva, Ms
Mohamed said the continent must push against “distortions” in the
multilateral trading systems which she argued “continue to limit growth
of trade in many products from the developing world.”
“We
believe the development of export capacity is imperative for rapid and
sustained socio-economic development,” she told reporters after a World
Trade Organisation (WTO) 10th Ministerial Conference Informal Session.
Ms
Mohamed cited various impediments to trade such as tariff and
non-tariff barriers like sanitary requirements, which have been key
obstacles for Africa’s trade in the global arena.
Although Africa trades more with outside world, it imports more than it exports, making it a net loser in trade agreements.
As
Nairobi prepares to host the tenth World Trade Organisation conference,
Ms Mohamed said she hoped the meeting will reach a better agreement to
handle the trade deficit facing Africa.
“We hope that the MC 10 will usher in a regime that will be more open towards exports from developing countries,” said the CS.
INTERNATIONAL TRADE
The
WTO is an international organisation that mainly regulates
international trade. It has 162 members including Kenya and often meets
once every two years to discuss system of rules, sort out trading
problems and establish agreements on international trade.
Some
of the treaties they have reached include the Trade Facilitation
Agreement which is supposed to help faster movement, clearance of goods
and customs cooperation as well as technical assistance among members.
However, such an agreement will only enter into force once two thirds of the WTO members ratify it.
But
the Kenyan top diplomat also admitted that African countries must make
adequate domestic reforms in order to compete on the world stage.
In Geneva, Kenya also hosted a mini-exhibition on opportunities available to invest in Kenya.
On Wednesday, Ms Mohamed said the show had generated “wide interests and enquiries.”
“The
mini-exhibition typified the unwavering efforts of the Kenyan
government to market Kenyan goods and services around the world.
“Trade
is an important aspect in our national development. Through this
mini-exhibition, a wide array of Kenyan goods and services were
displayed,” she said.
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