Kenya, securing access to the United Arab Emirates’ (UAE) Trade for Development platform, marks a strategic pivot towards redefining its stance within international commerce. Announced by Dr. Thani Al Zeyoudi, UAE Minister of Foreign Trade, at the 13th Ministerial Conference of the World Trade Organization (WTO) in Abu Dhabi this February, this initiative symbolizes the strengthening economic relations between Kenya and the UAE.
The UAE devised the Trade for Development platform as a beacon of technical support, tailored for nations navigating the complexities of international trade negotiations. Targeting trade representatives, negotiators, and policymakers from developing and least developed countries, this platform aims to bridge the critical gap caused by a lack of technical expertise and resources.
Featuring an extensive digital library with contributions from leading experts in global trade and policy, the platform covers essential topics such as customs procedures, trade facilitation, rules of origin, service trade, intellectual property rights, and dispute resolution. Complemented by a selection of online courses and self-study tools, it ensures perpetual access to knowledge for officials from participating nations.
Kenya’s engagement with this platform reflects its economic vitality and the deepening bilateral relations with the UAE. The year 2023 saw a significant surge in bilateral non-oil trade between the two nations, reaching $3.1 billion, a 26.4% increase. With Kenya experiencing a robust real GDP growth of 5% in 2023 and an anticipated growth of 4.5% to 5.2% in 2024, its economy stands as one of Africa’s most dynamic.
Dr. Thani Al Zeyoudi emphasized the mission of the platform, stating, “The Trade for Development platform underlines the UAE’s commitment to enhancing inclusive, sustainable trade and leveraging its power to drive economic growth and prosperity throughout the world. As we have rapidly expanded our trade relations in recent years, we have developed extensive experience and expertise in the complex world of trade negotiations.”
“We welcome Kenya’s enrolment, which provides an opportunity for their policymakers and trade officials to benefit from best-in-class expertise, empowering them to better integrate with the global economy, accelerate their development and raise living standards for their citizens,” Dr. Thani added.
Kenya joins a distinguished cadre of countries, including Ethiopia, Mozambique, Antigua and Barbuda, Azerbaijan, Uzbekistan, Comoros, Kyrgyzstan, and Barbados, all beneficiaries of the platform’s resources upon its inauguration. This endeavor not only highlights the UAE’s influential role in global trade facilitation but also signals a new chapter in economic development and integration for Kenya, poised to harness global expertise for local prosperity.
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