Bilateral trade is the exchange of goods between two nations which eventually promotes trade between two nations.
One country that is currently in bilateral trade with Kenya is Ethiopia. Kenya benefits hugely from the large population of Ethiopia which is currently recorded at 125 million people.
The United States of America has now entered into a bilateral trade agreeement with Kenya which might see so much of our agricultural products have ready market in the U.S.
One agricultural product that might see a ready market in the U.S from Kenya is Avocados, as the U.S is currently expiriencing an avocado crazy phase.
Kenyan youth who are firmly rooted in agriculture stand a huge chance to benefit from this bilateral trade.
Foreign Affairs Cabinet Secretary Monica Juma is leading a delegation of top Kenyan officials to the United States for the first Bilateral Strategic Meeting set to be held on Tuesday.
The engagement was established after meeting between President Uhuru Kenyatta and US President Donald Trump last year in August, which elevated the Kenya-US relations to strategic partnership.
President Kenyatta went to the US at the invitation of his host President Trump, where they discussed cooperation between the two countries in security, governance, trade and investments.
According to the Foreign Affairs Ministry, the dialogue will focus on four pillars which include economic prosperity, trade and investment, defense and cooperation, democracy and governance and finally multilateral and regional issues.
A statement from the Foreign Affairs Ministry says Kenya and the US will also seek to deepen the economic ties through maximizing Kenya’s trade benefits under the African Growth and Opportunity Act.
“Under the Economic prosperity, Trade and Investment pillar, Kenya and the US aim to step up collaboration that grows the economy through generating jobs and building technical capacity,” reads part of the statement.
On defense cooperation, Kenya will seek to enhance cooperation in strengthening military and strategic responses to domestic and regional security challenges.
On democracy, Governance and Civilian security, Kenya and United States will deliberate on issues of common interests including shared democratic values, anti-corruption efforts and increased civilian security cooperation.
On multilateral and regional issues, Kenya and United States will pursue stronger diplomatic partnership which provides a platform to discuss cooperation and coordination required to uphold a rules based global order.