China, UK trade bodies sign pact to enhance business

July 22, 2016
Shares
It was signed by Zhang Haifeng, Chairman of KCETA, and Graham Shaw, Chairman of BCCK, and witnessed by Chinese Ambassador to Kenya Liu Xianfa, and British High Commissioner to Kenya, Nic Hailey/FILE
It was signed by Zhang Haifeng, Chairman of KCETA, and Graham Shaw, Chairman of BCCK, and witnessed by Chinese Ambassador to Kenya Liu Xianfa, and British High Commissioner to Kenya, Nic Hailey/FILE

, NAIROBI, Kenya, July 22 – The Kenya China Economic and Trade Association (KCETA) and the British Commerce of Trade Kenya (BCCK) have signed a Memorandum of Understanding focused on enhancing cooperation between companies of the two nations in Kenya.

It was signed by Zhang Haifeng, Chairman of KCETA, and Graham Shaw, Chairman of BCCK, and witnessed by Chinese Ambassador to Kenya Liu Xianfa, and British High Commissioner to Kenya, Nic Hailey.

Liu says the framework will focus on information sharing, capacity building, project partnership, promotion and export promotion.

“The MoU will be a new start and set a good example for systematic tripartite cooperation, by providing a platform for the UK-China companies to explore and share trade and investment opportunities and expand areas of collaboration in Kenya,” Ambassador Liu stated.

“I hope that the two chambers could concentrate more strength from member companies by requesting them fulfil social responsibility, help local community, protect environment, and transfer technical skills so as to contribute more to the development of Kenya,”

Hailey lauded the move saying it will promote opportunities for the respective companies.

“This is a win-win. Of course, our companies sometimes compete with their business, sometimes our companies are tendering against each other or against French companies or Germany companies or others but ultimately these are win-win situations for both UK and China, for both UK and Chinese companies because as Kenya grows, as Kenya develops, there is an opportunity for both sides,” he said.

The two parties agreed to collaborate in promoting trade relations and strengthening the relationships between the public and private sectors.

The two parties also intend to establish a joint committee, with the objective of identifying areas of UK-China collaboration in Kenya’s infrastructure sector, and to find and select suitable UK-China corporations.

The Kenya China Economic and Trade Association has 79 members including 11 companies as council members.

Shares

Latest Articles

Stock Market

Most Viewed