Ruto meets US delegates on Trade and Investments

President William Ruto has today held talks with US Trade Advisor and Spokesperson, Ambassador Katherine Tai.

The discussions were based on the US trade policy.

Ruto said that the country is ready to strengthen the already existing relations between the two nations.

"We will stretch our ties beyond The African Growth and Opportunity Act (AGOA) in the wake of advanced technology and climate change, for the full exploitation of our trade potential," he said.

The President said trade between the two countries is key and has been beneficial.

"America is our key trade and investment partner. Under the AGOA, Kenya has developed its value chains, expanded and diversified its exports, creating thousands of employment opportunities," he said on Wednesday.

In 2021, Kenya's exports to the US grew to Sh59.5 billion, up from Sh49.3 billion the preceding year, with increases recorded in the exports of macadamia nuts and articles of apparel and clothing accessories.

The government targets to increase exports from 10 per cent of GDP to 30 per cent by December 2025 and increase manufacturing contribution to GDP from seven per cent to 20 per cent by 2030.