Trade Cabinet Secretary Rebecca Miano held a meeting with 100 business owners in Japan in an effort to market Kenya’s manufacturing sector.
In a statement sent to Kenyans.co.ke, the Trade CS who took over the docket from Moses Kuria noted that she held the meeting on the sidelines of the G7 Trade Ministers Summit in Osaka, Japan, for which she was the only African Minister invited.
At the event, Miano signed to Initiate Industrial Policy Dialogue (IPD) with her Japanese Counterpart Yasutoshi Nishimura, the Minister of Economy, Trade and Industry.
“The IPD will indicate the direction of industrial collaboration that will contribute to strengthening economic relations between Kenya and Japan and provide for identifying and discussing cooperation areas that may become points of discussion in the future and support the mutually beneficial relation between Kenya and Japan,” read the statement in part.
Trade CS Rebecca Miano with Becht Olivier, France’s Minister for Foreign Trade, in Japan.
“The IPD will go a long way in helping the two countries prioritise and their investments in this regard.”
CS Miano observed that globally, Africa features favourably as the next frontier for investments and Kenya stood strategically for Japan as a reliable partner, to manufacture for the African continent and the world in general.
The CS indicated that over the years, the two countries have enjoyed a close relationship with Kenya exporting goods worth Ksh9 billion (USD61.3 million) a year.
Top exports from Kenya to Japan include titanium, coffee, waste and scrap of copper, cut flowers and flower buds, tea and nuts.
Japan, which exports goods worth Ksh131 billion (USD892.3 million) per year to Kenya, brought in motor cars, flat-rolled iron, parts and accessories for tractors, synthetic filament tow and bulldozers.
The CS further assured the business people that Kenya is among the most advanced economies in Africa offering unlimited investment opportunities while the state assures of conducive business environment.
She also noted that investment opportunities were available in economic sectors such as energy and financial services as well as natural resources and market access.
Kenya attended the G7 Trade Ministers Summit alongside G7 members and other invited ministers among them India, Australia, Indonesia, and Chile.
Trade Cabinet Secretary Rebecca Miano during an interview with Citizen TV on Thursday, June 29, 2023.