Germeny-Kenya trade |
Germany will soon open its market to
products and raw materials from Kenyan companies and manufacturers according to
Mr. Karl Wondling, Germany’s deputy director of the Federal Ministry of
Economics and Technology.
Mr.
Karl, during his tour at Kevian Kenya Limited in Thika revealed that Kenya
and Germany will enter into a formal partnership that will facilitate further
trade relations between the two countries.
He
indicated that the cooperation between Germany and Kenya is set to go a notch
higher especially in trade partnerships. Echoing on these sentiments, Mr.
Richard Kimani Rugendo, Managing director at Kevian said that the agreement
would be a win-win option for both the countries.
Mr.
Karl further urged Kenyan companies to strive towards the attainment of high
production standards for them to exploit the German market. He insisted that if
they met their (German) standards, then their market will open up for the
Kenyan forms.
Kenya
last week became the third country in Sub-Saharan Africa, after Angola and
Ghana to host a delegation of the German Industry and Commerce which set up an
office in Nairobi. This office will be used to enhance trade relations between
Kenya and Germany.
Peering
into deeper trade detail, we found out that Kenya is the seventh largest export
destination for German products in sub-Saharan Africa, while Germany is the
third largest trading partner for Kenya in the European Union.
Last
year, Kenya traded volumes worth $477 million with Germany and with the
betterment of trade partnerships and relations between the two states, this is
bound to increase.
The
Kenyan small business owners and entrepreneurs will see this as an avenue of
creating trade relations with other firm s in Germany and the European Union as
a whole
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