Inside Biden’s toughening stance in trade talks with Ruto administration
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The United States is pushing Kenya to enhance transparency and integrity in licensing and regulatory regimes in ongoing talks for a trade and investment deal. The US has listed tariff and non-tariff barriers it wants the Ruto administration to address, including policy and regulatory issues in various sectors such as agriculture. Washington wants Nairobi to improve the credibility and effectiveness of the judicial system, citing concerns of bribery, extortion, and political influence. The US also wants Kenya to address sector-specific hurdles in agriculture, such as the pending determination of a case challenging the planting and production of genetically engineered products. The US has raised issues with barriers to exporting bovine embryos and selling meat, dairy, and poultry products in Kenya. The US has also cited foreign ownership limitations in sectors like mining, private security, and derivatives exchanges as barriers to American investments in Kenya. The demands for Kenya to improve transparency and fairness in licensing processes were raised during the first negotiating round of the proposed US-Kenya trade deal held in Nairobi in April 2023.
#UskenyaTradeDeal #TradeNegotiations #Investment #RegulatoryIssues #Agriculture #JudicialSystem #ForeignOwnershipLimitations
https://nation.africa/kenya/business/inside-biden-s-toughening-stance-in-trade-talks-with-ruto-administration-4584514
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npub149…w20a6
2024-04-09 14:55:06
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npub149jsl3fy98l2zq3gqk5utn39rtchf9rdlah070pmzc9u89fu8j5slw20a6Published at
2024-04-09 14:55:06Event JSON
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"content": "Inside Biden’s toughening stance in trade talks with Ruto administration\n==========\n\nThe United States is pushing Kenya to enhance transparency and integrity in licensing and regulatory regimes in ongoing talks for a trade and investment deal. The US has listed tariff and non-tariff barriers it wants the Ruto administration to address, including policy and regulatory issues in various sectors such as agriculture. Washington wants Nairobi to improve the credibility and effectiveness of the judicial system, citing concerns of bribery, extortion, and political influence. The US also wants Kenya to address sector-specific hurdles in agriculture, such as the pending determination of a case challenging the planting and production of genetically engineered products. The US has raised issues with barriers to exporting bovine embryos and selling meat, dairy, and poultry products in Kenya. The US has also cited foreign ownership limitations in sectors like mining, private security, and derivatives exchanges as barriers to American investments in Kenya. The demands for Kenya to improve transparency and fairness in licensing processes were raised during the first negotiating round of the proposed US-Kenya trade deal held in Nairobi in April 2023.\n\n#UskenyaTradeDeal #TradeNegotiations #Investment #RegulatoryIssues #Agriculture #JudicialSystem #ForeignOwnershipLimitations\n\nhttps://nation.africa/kenya/business/inside-biden-s-toughening-stance-in-trade-talks-with-ruto-administration-4584514",
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