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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