ISDS Case Map
Kenya
“Kenya will incur the largest loss at $14.2 million, followed by Uganda at $13.5 million. Tanzania is estimated to register revenue loss of $5.3million, Burundi $4.3million and Rwanda $ 3.9,” the Economic Policy Research Center (EPRC)shows.
In April 2021, Secretary of State Antony Blinken confirmed US-Kenya FTA talks would resume. Observers believe the US-Kenya FTA, initiated by Trump in 2020, would help expand US 'carrot and stick' trade and security policies on the continent to counter China.
US is pushing for favourable terms among them a duty free market access for its goods, including agricultural and industrial, in a move aimed at taming the growing dominance of China’s trade with Kenya.
The US government and Kenya early this month held a round of trade talks, which raised hopes of a fresh direction after the Biden administration froze Trump-era negotiations on the free trade agreement.
The Swiss President said Kenya is an attractive destination for investments and trade it serves as a gateway to Eastern and Central African region, and Swiss companies will benefit from the huge market provided by the AfCFTA agreement.
Japan is looking to expand its presence on the African continent, with trade and investment taking center stage during the Japan-Africa Public-Private Economic Forum held in Nairobi
Kenya wanted to do a deal with Washington before the expiry of the Africa Growth and Opportunity Act (Agoa), which allows sub-Saharan African countries to export thousands of products to the US without tariffs until 2025.
The platform has been in its pilot phase for about 18 months in Kenya, Morocco, Tunisia, Cameroon and Senegal, and will now be integrated in 22 countries.
The EU and Kenya agreed to advance negotiations on an interim Economic Partnership Agreement. The iEPA will be complemented by binding commitments on environmental protection, climate and labour rights.
The previous administration had launched talks with Nairobi on a bilateral free trade agreement, but those plans have been on ice until USTR completes a policy review.
