• COMESA POLICY ORGANS AND SUMMIT OF HEADS OF STATES: 9TH– 19THJULY, 2018 IN LUSAKA, ZAMBIA AT THE MULUNGUSHI INTERNATIONAL CONFERENCE CENTER.

    14thJuly 2018 

    Press release: 

    Principal Secretary for Trade, Dr. Chris Kiptoo, CBS, has travelled to Zambia, Lusaka to attend this year’s COMESA Policy Organs and Summit of the COMESA Authority Meetings taking place from 9th- 19thJuly, 2018 in Lusaka, Zambia. The Principal Secretary is representing the Cabinet Secretary responsible for Trade, Hon. Peter Munya at the 38thCOMESA Council of Ministers.  The Summit of Heads of States will be held from 18th– 19thJuly, 2018. 

    COMESA is Kenya’s leading export market destination. Last year, our exports to the COMESA region accounted for 28% of the total exports and for this reason, Kenya seeks to expand its market on the wider COMESA market region.  

    It is noted that COMESA is a key pillar of the EAC/COMESA/SADC Tripartite Free Trade Area (TFTA). Kenya this year ratified the TFTA agreement which shows Kenya’s commitment to the implementation of this important Trade initiative.The TFTA formation is based on the directive of the Heads of State Summit of 22ndOctober 2008. The TFTA was launched on 10thJune 2015, covering the first phase of integration that includes trade in goods. Kenya stands to gain immensely from the expanded regional market of 27 countries, to be accessed under a Free Trade Area arrangement.

    Among key issues of importance that Kenya is seeking in this year’s Summit is the request for an extension of the sugar safeguard. The current sugar safeguard is expiring by February 2019. The safeguard seeks to to build capacity in the local sugar industries by limiting the amount of sugar that comes into the Kenyan market. This in effect protects local industries (and farmers) from competition from well-established and competitive countries. 

    Ends 

    State Department for Trade

    Ministry of Industry, Trade & Cooperatives 

    July 2018 

     

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