The East African nation is citing its present preferential entry to the European Union market by means of the Economic Partnership Agreement to draw Turkish investment.
With the way forward for the US African Growth and Opportunity Act in limbo, Kenya is looking for to diversify its export markets by attracting Turkish textile and garment producers.
It is citing its present preferential entry to the EU market by means of the Economic Partnership Agreement to draw Turkish investment.
Kenya expects Turkish corporations to arrange manufacturing items in its territory.
“We need to think ahead and diversify, and we know that Turkey is good in textiles and garments, focusing on the European market with which we enjoy an Economic Partnership Agreement and enjoy duty-free access,” Kenya’s principal secretary for investments Abubakar Hassan Abubakar mentioned on the sidelines of the fifth Turkiye-Africa Business and Economic Forum in Istanbul lately.
He emphasised Kenya’s want for Turkish corporations to arrange manufacturing items in in its territory, Kenya media shops reported.
The authorities can also be implementing initiatives just like the National Export Strategy and the Route to Market Strategy to assist companies in transitioning to high-value exports and diversifying commerce relationships.
Fibre2Fashion News Desk (DS)