Kenya seeks Turkish apparel investment as AGOA in limbo

With the future of the US African Growth and Opportunity Act (AGOA) in limbo, Kenya is seeking to diversify its export markets by attracting Turkish textile and garment manufacturers.

The East African nation is citing its existing preferential access to the European Union market through the Economic Partnership Agreement to attract Turkish investment.

With the future of the US African Growth and Opportunity Act in limbo, Kenya is seeking to diversify its export markets by attracting Turkish textile and garment manufacturers.
It is citing its existing preferential access to the EU market through the Economic Partnership Agreement to attract Turkish investment.
Kenya expects Turkish companies to set up manufacturing units in its territory.

“We need to think ahead and diversify, and we know that Turkey is good in textiles and garments, focusing on the European market with which we enjoy an Economic Partnership Agreement and enjoy duty-free access,” Kenya’s principal secretary for investments Abubakar Hassan Abubakar said on the sidelines of the fifth Turkiye-Africa Business and Economic Forum in Istanbul recently.

He emphasised Kenya’s desire for Turkish companies to set up manufacturing units in in its territory, Kenya media outlets reported.

The government is also implementing initiatives like the National Export Strategy and the Route to Market Strategy to support businesses in transitioning to high-value exports and diversifying trade relationships.

Fibre2Fashion News Desk (DS)