Kenya and Mozambique have signed eight Memorandum of Understanding to boost ties between the two nations and further correct trade imbalance.
Between 2018 and 2022, imports from Mozambique increased from Sh3.2 billion to Sh5.2 billion, while Kenyan exports to Mozambique only increased from Sh1.2 billion to Sh1.4 billion over the same period.
President William Ruto said the Government is committed to increasing trade volumes with Mozambique that will help create a favourable trade balance for Kenya. Ruto noted that the two countries are exploring opportunities that will guarantee a win-win outcome.
“In this burgeoning win-win relationship, Mozambique has the upper hand in trade balance terms, yet the opportunities before us take the form of a tide that will lift both our boats,” he said.
He made the remarks in Maputo during a two-day State Visit hosted by his counterpart President Filipe Nyusi.
The two leaders witnessed the signing of eight MoUs aimed at strengthening the ties between the two nations The cooperation agreements include Mutual Legal Assistance, Diplomatic Training, Public Service Training, Investment Promotion, Blue Economy and the Mutual recognition of driving licences.
President Ruto committed to the full and speedy implementation of the agreements for the benefit of the people of the two nations.
“I am of the view that it is imperative for us to take advantage of the momentum generated in these engagements to expeditiously implement all the bilateral instruments that have been signed,” he said.
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