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I urge the local and International investors to take advantage of the investment opportunities that Kenya present to promote economic growth - Ngatia/FILE.

Kenya

China to create favourable environment for Kenyan trade

PM Raila Odinga led a Kenyan delegation to China for the China-Africa cooperation forum/ PMPS

BEIJING, Jul 19 – The People’s Republic of China will work towards creating an enabling environment for Kenya’s business community.

China’s Vice President, Xi Jinping told Prime Minister Raila Odinga that China holds her bilateral relations with Kenya very dear.

“We have come a very long way with Kenya. We hold you in very special regard,” he said. Accordingly, China will seek to develop special strategic business engagement with Kenya, in the spirit of the collaboration that has been spelt out by the Forum on China-Africa Cooperation (FOCAC).

Speaking when the two leaders held bilateral talks in Beijing, the Chinese Vice President said his country would remove some tariffs on Kenyan goods to encourage Kenyans to bring their goods to China.

“We would like to reduce the trade balance between our two countries,” he said, “We will therefore make it easier for your goods to come to our country.”

Xi said that while his country was the world’s second largest economy in aggregate terms and the global second exporter, she remained a developing country in per capita terms. “As we continue to develop, we will remain sensitive to the needs of other developing countries so that they can also develop with us. We cannot repeat the mistakes that those who have developed ahead of us have made,” he told the prime minister.

He said that China would be sensitive to the use of energy, environmental protection and respect for other people’s resources. “Cooperation must flow both ways. We do not wish to engage in cooperation that only benefits us while hurting others.”

Odinga thanked China for pledging to contribute $20 billion for support of various initiatives in Africa this year. He noted with satisfaction that this year alone, Kenya has concluded some 16 bilateral agreements with China.

The prime minister called for opening up of more opportunities in human capacity building in technical areas, through direct training and through scholarships.

Odinga invited China to engage more in direct foreign investment in Kenya. “Africa is the next frontier of economic growth and development,” the premier said, “We in Kenya welcome investment in infrastructure development, housing, energy and in ports, among other possibilities.”

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Direct flights between Kenya and China by the national carrier, Kenya Airways, and China Airlines would be good for the two countries in tourism and trade, the prime minister said.

Odinga asked China to assist directly in finding a lasting solution to the chronic turmoil in Somalia and in the South Sudan and Sudan conflict, as well as in the war against piracy and the generally unstable situation in the Horn of Africa.

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