Home National News Kenya-Tanzania Trade Cooperation As Kisumu host the 8th joint Trade Committee (JTC)

Kenya-Tanzania Trade Cooperation As Kisumu host the 8th joint Trade Committee (JTC)

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Hon. Peninah Malonza, the Cabinet Secretary for EAC, Arid and Semi-Arid Lands and Regional Development in Kenya, emphasized Kenya’s dedication to fostering robust trade, investment, and economic cooperation with Tanzania. She highlighted the historical ties between the two countries, tracing back to the visionary leadership of Mzee Jomo Kenyatta and Mwalimu Julius Nyerere, who championed ideals of cross-border unity and collaboration.

During the 8th Joint Trade Committee meeting in Kisumu on Friday 22nd March 2024, CS Malonza stressed the interconnectedness of the two nations’ ecosystems. She argued against closing borders, emphasizing the importance of resolving issues that inhibit citizens from engaging in business and fostering interactions across the border.

CS Malonza expressed her belief that strengthening the ties between Kenya and Tanzania would lead to mutual benefits, supporting the development of both countries. She called upon the neighboring nations to address and eliminate non-tariff barriers that impede cross-border trade.

She also acknowledged the progress made in enhancing cross-border connectivity through infrastructure developments like the Malindi to Bagamoyo highway and improvements at key border points such as Isebania, Namanga, and Taveta/Holili. This infrastructure has been instrumental in unlocking the commercial potential of the corridor between Kenya and Tanzania.

Despite these advancements, CS Malonza pointed out that trade between the two countries has not reached the desired levels. She encouraged the private sector to capitalize on opportunities presented by regional, continental, and international trade agreements, including the Africa Continental Free Trade Area and the EAC-EU Economic Partnership Agreement (EPA), to boost investments.

Lastly, she referenced the commitment of both Kenyan President William Ruto and Tanzanian President Samia Suluhu Hassan to enhancing trade ties. During President Ruto’s State Visit to Tanzania, both leaders reaffirmed their commitment to strengthening trade, investment, and economic cooperation and directed their respective Trade Ministers to address trade-related issues to further enhance bilateral trade between Kenya and Tanzania.

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