Kenya and Italy will prioritize the removal of non-tariff barriers to increase trade and investment.
During a state visit by President Sergio Mattarella of Italy, President William Ruto announced that the two countries will engage in negotiations to remove Non-Tariff Barriers, prevent double taxation and increase foreign direct investments.
The leaders also discussed ways to enhance the balance of trade between their nations, particularly in the fields of agro-industrial, ICT, and bio-fuel projects.
Our meeting provided us with the opportunity to discuss modalities of enhancing trade and investment between Kenya and Italy.
President William Ruto
An MoU was signed to facilitate collaboration between the two nations in the health sector, with the aim of achieving Universal Health Coverage and enhancing pharmaceutical production.
President Ruto elaborated on Kenya and Italy’s commitment to reviving collaboration on the construction of the Arror, Kimwarer, and Itare dams, which are essential for realizing their objectives on food security and climate action.
The leaders highlighted Italy’s pledge to provide grants and soft loans totalling KES 14 billion, which will go towards various projects in agriculture, MSMEs, housing and urban settlements, health, the digital superhighway, and the creative economy.
President Mattarella acknowledged that Kenya is a vital partner in Africa with whom Italy will continue to collaborate.
The agreements we have signed today are a sign of how far our relations are advancing. We will continue partnering to foster an investor-friendly environment.
President Sergio Mattarella – Italy
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