SOURCE: AEM | May 1, 2020
On April 28, AEM submitted our industry’s priorities for the proposed United States-Republic of Kenya Trade Agreement. While equipment manufacturers continue to focus on addressing the immediate economic impacts caused by COVID-19, it’s important to stay focused on establishing future rules and regulations across the globe benefiting manufacturing and consumers alike.
Kenya, as the economic and transportation hub of East Africa, is a vital lynchpin in global trade, and it’s a rapidly developing region. As consumers demand upgraded infrastructure systems, and producers invest in modern agricultural production, establishing a comprehensive trade agreement has the potential to boost not only U.S. equipment exports, but incentivize increased foreign direct investment throughout Kenya.
Customs and trade facilitation, digital trade, intellectual property protection, rules of origin, and eliminating restrictions on remanufactured equipment are just some areas to be addressed in forthcoming negotiations. AEM looks forward to working with both the U.S. and Kenyan governments on the agreement.
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