The agreement will see more Polish investors set shop in Kenya by giving them trade incentives while on their side, allow more imports from Kenya.
The deal was signed between the National Chambers of Commerce and Industry from both countries where Polish companies plan to venture into the agriculture, mining and pharmaceutical sectors in the country.
The deal was signed in the presence of 18 Polish investors who are visiting Kenya.
On the other hand, Kenya plans to push for increased exports like tea and coffee to Poland as well as market tourism.
Head of East Africa, Trade and Investment Promotion Counsellor Kinga Szafrankowska said they will first focus on Kenya before moving to the entire East African region.
“I am absolutely convinced that this is the time to be in Kenya. We have come to visit, see and do business, because we are business people,” Szafrankowska said.
The delegation of 18 investors come at a time when the country is experiencing insecurity challenges, the latest being the Mpeketoni attack which claimed 48 lives in Lamu County.
Szafrankowska is however optimistic that the issues of insecurity will be solved at the government level adding that as investors, they are ready to do business in Kenya.
“The need for us as government is to educate our companies in Poland, to give them proper information of the amazing possibilities which are in East Africa and especially in Kenya,” she added.
The delegation was received by Kenya National Chamber of Commerce and Industry Chairman Kiprono Kittony who called for more efforts from the government to provide security as more foreign investors were keen on doing business in Kenya.
“Security is an issue here but as far as terrorism in concerned, this is a global problem and I think the government is doing all it can to deal with it. On our side we will continue to talk and encourage more investors to come because this is the time for Kenya and Africa,” Kittony said.
In 2012 the trade balance between Kenya and Poland stood at Sh909.4million which he said is too low.