in the Ministry of Industry, Trade and Cooperatives Chris Kiptoo
told a media briefing in Nairobi that currently imports are
growing three times faster as compared to exports resulting a
growing trade imbalance.
“We are therefore
developing the National Export Development Strategy to address
the challenges that have over the years slowed down export
growth,” Kiptoo said.
He said the strategy
is currently being formulated by consultants and should be
complete by the end of 2017.
Kiptoo said when the
strategy is fully implemented it will help exports expand by
over 20 percent annually and help to eliminate the current trade
deficit by the year 2022.
official said that Kenya has a very narrow export base given
that six products account for approximately 60 percent of all
“This is one of the
reasons behind the country’s lackluster performance in
international trade,” he said.
secretary said that Kenya has identified six sectors that will
be prioritized including livestock and livestock products,
agriculture, fisheries, manufactured products and handicrafts.