Kenya joins the UAE’s Trade for Development platform, tapping into a wealth of expertise to bolster global trade proficiency and economic growth.
Kenya is the latest addition to the UAE’s Trade for Development platform, signaling a strategic move to bolster its technical capabilities in global trade negotiations.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said, “The Trade for Development platform underlines the UAE’s commitment to enhancing inclusive, sustainable trade and leveraging its power to drive economic growth and prosperity throughout the world. As we have rapidly expanded our trade relations in recent years, we have developed extensive experience and expertise in the complex world of trade negotiations.
“We welcome Kenya’s enrolment, which provides an opportunity for their policymakers and trade officials to benefit from best-in-class expertise, empowering them to better integrate with the global economy, accelerate their development and raise living standards for their citizens.” The platform was launched during the WTO’s 13th Ministerial Conference in Abu Dhabi in February.
Empowering trade partners
The Trade for Development platform equips developing and least developed nations with essential tools and resources to navigate complex trade agreements and foster economic development.
Technical assistance
The platform offers a comprehensive suite of online tools, including curated courses and self-learning resources, covering key aspects of trade agreements, enabling policymakers and trade officials to enhance their expertise.
Kenya’s participation reflects growth in trade relations
Kenya’s enrollment in the platform underscores the strengthening trade and investment relations between Kenya and the UAE, showcasing a shared commitment to economic advancement. In 2023, Kenya and the UAE saw a significant increase in bilateral non-oil trade, reaching USD 3.1 billion, demonstrating the potential for mutually beneficial economic collaboration.
Kenya’s robust economy, with a 5% real GDP growth in 2023 and a projected increase for 2024, positions the country as a key player in Africa’s economic landscape. Kenya’s collaboration with the UAE’s Trade for Development platform marks a significant step towards advancing trade expertise and fostering sustainable economic growth.
Kenya is the ninth country to be given access to the platform, with eight other countries being invited to make use of its comprehensive resources when the platform was launched during the WTO’s biannual gathering of its members. Those eight countries were Ethiopia, Mozambique, Antigua and Barbuda, Azerbaijan, Uzbekistan, Comoros, Kyrgyzstan and Barbados. More information can be found here.
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