President William Ruto has revealed that the Strategic Trade and Investment Partnership (STIP) Agreement between Kenya and the United States is nearing its finalisation, signifying a step towards strengthening the existing relations between the two nations.
In a post on X, Ruto emphasized that the partnership would be pivotal in promoting trade and investment.
“The relations between Kenya and United States are focused on the expansion of our shared prosperity. We are expediting the finalisation of a Strategic Trade and Investment Partnership (STIP) agreement, which will anchor increased trade, boost manufacturing, create jobs and spur investment between our nations,” Ruto affirmed after a telephone conversation with US President Joe Biden on Tuesday.
President Ruto’s statement highlighted key areas of mutual interest, essential for achieving substantial economic outcomes.
“We are particularly enthusiastic about collaborating in infrastructure development, renewable energy projects, sustainable manufacturing, and empowering Micro, Small, and Medium-sized Enterprises (MSMEs), a key engine in our economic growth,” he added.
Furthermore, Ruto emphasized that Kenya and the US would maintain their commitment to addressing regional security concerns and conflict resolution.
“We will continue to engage on regional security, conflict resolution and the fight against terrorism to ensure the Horn of Africa has the room to focus on social and economic advancement,” he remarked.
Source : Citizen