Pressdia Ad

Kenya Targets U.S. Trade Deal by Year-End, Seeks AGOA Extension

Kenya is intensifying efforts to secure a landmark trade agreement with the United States by the close of 2025 while lobbying for a five-year extension of the African Growth and Opportunity Act (AGOA). President William Ruto revealed the plan during an interview at the United Nations General Assembly in New York, as reported by Reuters.

Trade Minister Lee Kinyanjui stressed that Kenya’s priority is to preserve the preferential access that AGOA grants, telling Reuters that the country wants any deal to safeguard critical export sectors, from textiles to agriculture. He emphasized that finalizing an agreement before AGOA’s expiry is essential to avoid economic disruptions.

The envisaged pact would not only protect Kenya’s traditional exports of tea, coffee, avocados, and apparel but could also broaden into new areas such as mining and fishing. Ruto noted that diversification is central to his government’s long-term vision, as highlighted by Reuters.

AGOA, which currently allows Kenya and other African nations duty-free access to U.S. markets, is set to expire this month. Figures from Ecofin Agency indicate that thousands of Kenyan jobs, particularly in the apparel sector, are tied directly to the program. Officials warn that uncertainty over AGOA’s future threatens both employment and investor confidence.

Analysts told Investing.com that Kenya’s dual strategy, pursuing a bilateral deal while pushing for AGOA renewal, underscores its determination to anchor long-term access to the U.S. market. Still, they caution that progress hinges on U.S. congressional approval, which will ultimately determine the pace and scope of any agreement.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

ADARx Pharmaceuticals Raises $446.3 Million in Upsized Nasdaq IPO

ADARx Pharmaceuticals has raised approximately $446.3 million in an upsized US...

Nigerian Cinema Makes Its Mark at TIFF 2026 With Baba Segi’s Wives and Black Book 2

Nigerian cinema secured a notable presence at the 2026 Toronto International...

South Africa Seeks Private Partners for $2.7 Billion Manganese Export Corridor

South Africa is seeking private sector partners to develop and operate...

Senegal Signs Up to $3.5 Billion Refinery Deal With Turkey’s Yamata

Senegal has signed a preliminary agreement with Turkish engineering and construction...

Pope Leo XIV Arrives in France for First Official Papal Visit in 18 Years

Pope Leo XIV has arrived in France for the first official...

Nigeria and US Sign Critical Minerals Framework to Deepen Mining Investment

Nigeria and the United States have signed a framework agreement aimed...

Ziba Beach Resort Lagos: Nigeria’s first Overwater Resort 

Ziba Beach Resort brings a contemporary beachfront retreat to Okun Ajah,...

Which of Sola Sobowale’s iconic movie characters is your favourite so far?

From the ruthless and commanding Eniola Salami in King of Boys...

Related Posts

LEAVE A REPLY

Please enter your comment!
Please enter your name here