Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Nexbitke.com – Business & TechNexbitke.com – Business & Tech
    • Add Business
    • Post Sell Ads
    • My Account
    • Home
    • Business
      • Entrepreneurship
      • Startup
      • Digital Marketing
      • Global Markets
      • Corporate Strategies
      • Industry Analyst
    • Finance
    • Cryptocurrency
    • Education
    • Technology
      • Gadgets
      • Apps
      • Review
      • Tech Industry News
      • Emerging Technologies
      • Tech Policy & Ethics
    • Lifestyle
      • Travel
      • Health
    • Profile
    • How-To
    • Classified Ads
      • Post Free Ad
    • Directory
      • Add Business
    • Contact Us
    My Account
    Facebook X (Twitter) Instagram
    Nexbitke.com – Business & TechNexbitke.com – Business & Tech
    Home»Business»Kenya eyes China’s zero-tariff market to cut Sh1.14tn trade gap
    Business

    Kenya eyes China’s zero-tariff market to cut Sh1.14tn trade gap

    VizboyBy VizboyJuly 30, 2026No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Kenya is seeking to narrow its Sh1.14 trillion trade deficit with China as exporters move to capitalize on China’s new zero-tariff policy for goods from 53 African countries, including Kenya.

    The policy, which took effect on May 1, 2026, was the focus of the “Zero Tariffs, Infinite Opportunities” symposium in Nairobi, where government officials, business leaders and exporters discussed strategies to boost Kenyan exports to the Chinese market.

    Speaking at the forum, Chinese Ambassador to Kenya Guo Haiyan said the initiative marks a new phase in China-Africa economic cooperation and is expected to deepen trade, industrialization and investment while creating greater opportunities for African exporters.

    The policy removes import duties on qualifying Kenyan products entering China, improving the competitiveness of locally produced goods in one of the world’s largest consumer markets.

    Kenya National Chamber of Commerce and Industry (KNCCI) President Dr. Eric Rutto said Kenya currently exports goods worth $237 million (about Sh30 billion) to China annually, compared to imports valued at $8.8 billion (about Sh1.14 trillion).

    “We are very much excited on zero tariff market access to China,” Rutto said.

    Read More :
    World Bank Considering Removing Kenya From High Risk Debt List

    “As you know, currently, our statistics in terms of trade stands at US$237 million exports to China… What we are currently importing from China is US$8.8 billion.”

    He said the figures illustrate a significant trade imbalance between the two countries.

    “That brings us to a trading balance of around 37 times,” he said.

    Rutto has previously noted that for every container Kenya exports to China, about 37 containers are imported from China.

    He expressed confidence that duty-free access will help close the trade gap by making Kenyan products more competitive.

    “So this opportunity, first of all, will be able to make our products very competitive in the China market. With this coming into being, definitely we are going to close the gap between the US$237 million to US$8.8 billion,” he said.

    To support exporters, KNCCI has established an office in China to provide market intelligence on demand, pricing, logistics and buyer requirements.

    According to the Chamber, it has facilitated exports worth approximately Sh765 million over the past two years, including macadamia, avocados, coffee, tea and leather products.

    Read More :
    Dividend Payout For Safaricom Achieves 70% Increase

    However, KNCCI noted that Kenyan exporters must continue meeting China’s quality and regulatory requirements while expanding production capacity and improving logistics to fully benefit from the preferential market access.

    Beyond trade, Rutto said the policy is already encouraging investment in local manufacturing and value addition.

    He disclosed that eight Chinese companies have invested a combined Sh3 billion in Kenya, including a textile manufacturer operating in an Export Processing Zone (EPZ) that has created about 1,000 jobs.

    “I would like to urge members of the Kenya National Chamber of Commerce and the private sector at large to take this opportunity so that we can be able to industrialize Kenya,” he said.

    “This trade and economic partnership between Kenya and China presents a big opportunity to lift Kenya’s economy to the next level.”

    China is one of Kenya’s largest trading partners. Kenya mainly exports agricultural products including tea, coffee, avocados, macadamia and leather, while importing machinery, electronics, manufactured goods and industrial equipment.

    Source link

    business China chinas cut eyes gap kenya market sh114tn trade Zero Tariffs zerotariff
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleGovt defends instant traffic fines as road crash losses hit Sh1.36tn
    Next Article Treasury to centralize public debt data on single platform

    Related Posts

    High costs, policy uncertainty hurt Kenya’s investment appeal – PwC

    July 30, 2026

    Investors profit Sh132bn from bond sales in six months

    July 30, 2026

    CIC launches microinsurance unit to expand affordable cover

    July 30, 2026
    Leave A Reply Cancel Reply

    Facebook X (Twitter) Instagram Pinterest
    • About Us
    • Contact Us
    • Privacy Policy
    • Writers Club
      • Write For Us
    • Partners
    • My Account
    © 2026 Copyright Nexbitke.com.

    Type above and press Enter to search. Press Esc to cancel.