U.S to deepen trade ties with East African region

The U.S. government is looking at how to best to deepen its trade ties with East African countries and boost investment in the region.

Tuesday, May 22, 2012

The U.S. government is looking at how to best to deepen its trade ties with East African countries and boost investment in the region. Visiting U.S. Assistant Secretary of Commerce Michael Camune last week said in the Kenyan capital Nairobi that plans are in the pipeline to explore Kenya and the EAC to have a broad regional trade package that will include a regional investment treaty, a trade facilitation agreement and establishment of a commercial dialogue. "So far we have a very constructive relationship with Kenya and the East African region. We also have a long history with the people and governments of this region. Out of this, we intend to invest significantly here as we aim to ensure that our economic relationship is stronger,” Camune on a tour of the General Motors East Africa (GMEA) offices in Nairobi said.   Camune said Washington intends to ensure that trade barriers in the East African region are broken in order to make it easier for investors and companies to do business in and throughout the region.