Strong potential for cooperation: Ukraine and Kenya intensify trade and investment cooperation
27 August 2020 15:51

Minister for Foreign Affairs of Ukraine Dmytro Kuleba had a telephone conversation with Minister of Foreign Affairs of the Republic of Kenya Raychelle Omamo.

The interlocutors dwelled on the prospects of trade cooperation. Dmytro Kuleba assured that the Ukrainian Government considers Kenya a leading partner in the East African region and seeks to strengthen such the partnership in practice.

The Ministers stressed the importance of establishing a Joint Intergovernmental Trade and Economic Commission as an effective mechanism for coordinating cross-sectoral cooperation in such promising areas as trade, agriculture, industry, air service, education and tourism.

During the conversation, the parties discussed the prospects of deepening cooperation and praised the level of mutual support within international organizations.

The Foreign Ministers also agreed to intensify work on building the legal framework of Ukrainian-Kenyan relations, including the preparations for signing the Convention between the Government of Ukraine and the Government of the Republic of Kenya on Avoidance of Double Taxation and Prevention of Tax Evasion on Income and Capital Taxes, as well as the Agreement between the Government of Ukraine and the Government of the Republic of Kenya on Mutual Assistance and Protection of Investments and other Bilateral Documents.

Dmytro Kuleba and Raychelle Omamo exchanged invitations to pay working visits after the stabilization of epidemiological situation in the world. This will be a good opportunity to conclude a number of important bilateral agreements.

For reference: The Republic of Kenya is one of Ukraine's important partners in sub-Saharan Africa. The total volume of trade in goods with Kenya in 2019 amounted to almost USD 80 million. The parties seek to develop mutually beneficial cooperation in agriculture, aviation and education.

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