South Africa and Kenya commit to resolving outstanding bilateral issues
The Director-General of Trade and Industry, Mr Lionel October together with the Kenyan Principal Secretary for the State Department of Trade in the Ministry of Industry, Trade and Cooperatives, Dr Chris Kiptoo have committed to resolving outstanding bilateral issues between South Africa and Kenya in preparation for the upcoming 6th Session of the Joint Trade Committee (JTC) which will be held in Mombasa, Kenya in September, 2018.
This commitment was agreed between the two counterparts during a bilateral meeting that was held on the margins of the two-day JAPAN-AFRICA Public-Private Economic Forum that took place at the Sandton Convention Centre.
Director-General October undertook to hosting the first ever Kenya-South African Trade Week in South Africa in October 2018 and to also share a list of the Top 40 Investment Projects in South Africa that Kenyan businesses can invest in.
“The latter is in reciprocation to the Kenyan State Department of Trade as having already shared with us a list of bankable investment projects in Kenya last year. Trade Invest Africa (TIA) will also facilitate engagements between Kenya and the Invest South Africa (InvestSA) division on identified investment projects in South Africa,” said October.
The meeting agreed on the following action plan on trade and investment activities:
South Africa to lead an outward trade and investment mission to Kenya by the end of May 2018. South Africa to undertake a project specific mission to Kenya focusing on the Lamu Port Southern Sudan-Ethiopia Transport Corridor projects (LAPSSET), and there was an agreement that the 6th Session of the Joint Trade Committee that will held on 27-29 August 2018 in Mombasa, Kenya be elevated to Ministerial level at the appropriate time.