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Kenya: Trade Lobbies Laud Kenya-China Bilateral MOUs As Revolutionary

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Nairobi — Kenya China Chamber of Commerce and Kenya National Chamber of Commerce and Industry, Nairobi Chapter have lauded the Governments of Kenya and the People’s Republic of China for signing six memorandums of understanding and protocols terming the move as ‘revolutionary’.

The two governments signed six memorandums of understanding and agreements on trade, investments, digital innovation, green development, in an event overseen by Kenyan Foreign Minister Raychelle Omamo and his Chinese counterpart Wang Yi who was on a two-day visit

The six are aimed at increasing import and export opportunities for small and medium enterprises, whose end goal will be to reduce trade imbalance between the two countries.

Speaking at a press conference in Nairobi, Kenya National Chamber of Commerce, Nairobi Chapter Chairman, Julius Opio welcomed the decision between the two countries, terming it revolutionary.

“This is a big opportunity because trade and trade-related matters, as well as investment, are of great importance to both countries. This is an area that we are looking forward to strengthening, deepening and indeed cementing,” said Opio.

“You will agree with me that it is only by working together that we can achieve the desired outcomes for closer bilateral cooperation and strategic partnerships. We have definitely made good strides,” he added.

Kenya China Chamber of Commerce, Chairman Tim Chen said that these six MOU’s will further strengthen the relationship between Kenya and China business communities.