The Government will soon roll out the national Export strategy to narrow the gap between the country’s imports and exports.
During the year 2015, the country’s exports stood at Ksh 581 billion against imports worth Ksh 1.5 trillion.
Addressing a consultative meeting between officials from the Economic Commission for Africa and Ministry of Industrialization and Trade Officials today, The Principal Secretary for Trade Dr Chris Kiptoo said there was urgent need to diversify the variety of goods exported outside Kenya besides expanding outside traditional markets as one method bridging trade imbalance.
He said for a long time now Tea, Coffee, Horticulture and Textiles had dominated Kenyas export market, leaving out Livestock and Livestock products, mining, fisheries, oil and gas industries, all which had great potential to enhance foreign income. The Cabinet had approved National Trade policy which will son be launched.
The coordinator for African Trade Policy Centre at the ECA Mr David Luke said his organization was willing to help Kenya with mapping and design on how to implement Trade Policy. He said many countries in the region shared common challenges, key among them being human and institutional capacity development.