90 million? Not sure where that figure came from
sourceKenya and the Democratic Republic of Congo could sign a bilateral trade agreement by the end of 2014, a government official said Tuesday.
The Ministry of Foreign Affairs Director of International Trade Nelson Ndirangu said in Nairobi that talks between the two nations began over two years ago.
“We are waiting for the DR Congo to sign the agreement so that it ratified by Kenya’s parliament,” Ndirangu said during a retreat on Kenya economic ties with the Great Lakes Region.
The day-long conference brought participants to strategize on ways of increasing Kenya’s trade in the region. He said that a trade agreement will offer Kenya preferential access to the Central Africa state.
Ndirangu said that DR Congo, with approximately 90 million people, is a net importer of agricultural and manufactured goods and therefore offers Kenya a huge market.
He said that trade between the two nations is low due to the high trade taxes.
Foreign Affairs Principal Secretary Karanja Kibicho said that Kenya is seeking to exploit the untapped markets of the Great Lakes Region. The region comprises of Angola, Burundi, Central African Republic, DR Congo, Kenya, Republic of Congo, Rwanda, Sudan, South Sudan, Tanzania, Uganda and Zambia.
The PS said that the region has a Gross Domestic Product of about 341 billion U.S. dollars. “It should be one of our focus areas for trade, investment and trade opportunities,” he said.
Special Adviser to the UN Special Envoy of the Secretary- General to the Great Lakes Region Modibo Toure said that Kenya is the most advanced economies in East and Central Africa.
“It is increasingly assuming a prominent role in resolving regional conflicts,” he said.He said that the region’s business community needs to play a role in ending the recurring cycle of violence in the region.
“Shared prosperity is one way of ensuring long term stability,” Toure said. The adviser said that the World Bank has set aside funds to assist businesses in the region to increase investments and trade.
Ministry of Foreign Affairs Director of National Coordinator of the Office of the Great Lakes Region Ken Vitisia said that as military conflict in the region reduces, economic activity begins to pick up.
He noted that the countries of the Great Lakes Region are of great economic importance to Kenya as they are the country’s main trading partners.
According to Kenya’s Economic Survey 2013, Kenya’s value of exports to Africa remained at 48 percent of Kenya’s total exports.
Kenya Association of Manufacturers Head of Policy Phyllis Wakiaga said that Kenya’s key exports to the region include tea, iron products, palms oil, medicaments, beer and cigarettes, sugar and confectionery.
She added that imports include machinery parts, raw hides and skins, unmanufactured tobacco, wood, maize and copper wire.
KAM said that the key critical areas that need to be addressed in the region include health financing, education services and hydroelectric projects.
“This can contribute to peace as well as the revitalization of economic development,” Wakiaga said.
:lol: trueAfrican lack of information.....i know they have been looking for ways to make it into DRC.
However; I'm totally against this deal, things should be left the way they are or have been.
The dysfunctional leadership of course going to sign the deal anyways. What else is it good at other than signings with anyone.
I wouldn't wish this government on even my worst enemy's country!dysfunctional leadership? yup so dysfunctional that the DRC's economy is growing 10 percent a year. I think a lot of people would like that type of dysfunction.
10 percent supported mostly by mining activities.80 percent of the population living with less than $1 day ......most corrupted and inefficient administration that uses all means including Tanks and automatic weapons to keep power and steal public fund.dysfunctional leadership? yup so dysfunctional that the DRC's economy is growing 10 percent a year. I think a lot of people would like that type of dysfunction.
We def want the country to do business with everyone; people's frustrations come from the fact that we will sign such a deal and have some presentations but nothing concrete will happen AT ALL. That I can guarantee you straight away.This agreement shall strengthen our ties most importantly in trade and should be welcomed.Intra african trade is the way forward my Congolese brothers.
This agreement shall strengthen our ties most importantly in trade and should be welcomed.Intra african trade is the way forward my Congolese brothers.
I'm not from Kinshasa and i completely reject this useless signing.Many of my congolese fellow think that congo starts and ends only in kinshasa. They never look beyond that...
No trade deals are perfect but must side with bkv on this one! JOka has no choice but to apply this since his masters ( in this case: World Bank, IMF) want this to happen so by doing this Joka stays in power. They use reasons such as: ":applause::applause::applause::applause::applause::applause::applause::applause: Many of my congolese fellow think that congo starts and ends only in kinshasa. They never look beyond that...
Forced is too strong of a word in this case when it comes to WB & IMF. ON the political side, Russell Feingold, Obama special envoy, did tell Joka to open up East Congo to East AFrica to help quell the wars and bring prosperity to all. But that's a year or so ago though. The same reasons given by WB in this article pieceThe WB+IMF are forcing Joka to sign these useless things? Nah, not even halfway convincing....Not going far in discussing this,.....That again, i agree to disagree.
The only deals i beleive they forced him to do is allow in Western mining Mining, Petroleum etc companies only in the country.
What is wrong with the current DRC-Kenya trades anyways?
Trade volumes are too low due to many factors like tarriffs, corruption, infrastructure, bureaucracy etc.A bilateral agreement is the first step to addressing some of these issues.Increased trade volumes are in the best interest of everyone.The WB+IMF are forcing Joka to sign these useless things? Nah, not even halfway convincing....Not going far in discussing this,.....That again, i agree to disagree.
The only deals i beleive they forced him to do is allow in Western mining Mining, Petroleum etc companies only in the country.
What is wrong with the current DRC-Kenya trades anyways?
Mzee butembo, je ne sais pas si tu vis dans une bulle ou tu fais semblant d'ignorer les realites de nos provinces de l'est. Sais-tu que plus de 100% de nos exportations et importations(echanges commerciaux) se font avec l'afrique de l'est ? Et 0% d'echanges avec kinshasa et autres provinces de l'ouest.(auf de tracasseries, corruptions et autres pillages....) Demandez a n'importe quel homme d'affaires du kivu(est du congo) quel calvaire doit-il surmonter pour parvenir a acheminer sa marchandise de mombasa ou dar es salam jusqua l'est du congo. Les taxes, les tracasseries ect...I'm not from Kinshasa and i completely reject this useless signing.
Most Kivutiens actually would oppose this useless signing. I know you support Kanambe l;eadership and what he does.
Ehat is with "some people think Congo ends in Kinshasa"? You are criticizing something you are doing.
True that! Les realites de L'Est are different than other parts of Congo. As Congolese, we need to stop being too "Kinshasa-centric in everything like you said in one of your above post. But rather let's strive to see the bigger picture to assess correctly each part of the country's needs. Must strive to be "practical-driven" rather than always "ideology-driven" as is the case with Francophone Africa most of the times.Mzee butembo, je ne sais pas si tu vis dans une bulle ou tu fais semblant d'ignorer les realites de nos provinces de l'est. Sais-tu que plus de 100% de nos exportations et importations(echanges commerciaux) se font avec l'afrique de l'est ? Et 0% d'echanges avec kinshasa et autres provinces de l'ouest.(auf de tracasseries, corruptions et autres pillages....) Demandez a n'importe quel homme d'affaires du kivu(est du congo) quel calvaire doit-il surmonter pour parvenir a acheminer sa marchandise de mombasa ou dar es salam jusqua l'est du congo. Les taxes, les tracasseries ect...
Sais-tu que la deuxieme force economique en uganda sont tes freres batembo et banande apres les indiens?
Non, mzee il faut connaitre ton pays pour dire du n'importe quoi quand il s'agit de l'afrique de l'est et nos echanges.hno:
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