Public Management

Free trade agreement between Kenya and the U.S faces new challenges in Congress

Free trade agreement between Kenya and the U.S faces new challenges in Congress
Saturday, 10 July 2021 17:07

The trade agreement that could be the most significant development in U.S-Africa trade relations, since the African Growth and Opportunity Act (AGOA) passed in Congress in 2000, faces another hurdle. This is attributable to the expiration of the key legislative tool (TPA) needed to accelerate Congress’s approval of the agreement. Consequently, the prospects for the deal to conclude becomes gloomy.

The TPA (trade promotion authority), which allows the head of state to fast-track trade negotiations with congress expired on July 1 and without it, the eventual implementation of the bill would be subjected to amendments by U.S legislators. This would make ratification difficult. This turn of events will see trade deals already in the pipeline, among which are negotiations with Kenya, and the United Kingdom, affected.

Also, this makes it more difficult for the deal to reach completion before 2022 when the tenure of Uhuru Kenyatta, Kenya’s president, comes to an end; a situation that will pose another potential transition challenge like that seen in the Trump to Biden administrations. According to BROOKINGS, president Kenyatta seeing the free trade agreement come through is a legacy for him. Yet the question remains if the deal will be completed during his reign, taking into consideration these new and future unknown hurdles.

Let’s note that Kenya had hoped to wrap up the deal before the expiry of the Africa Growth and Opportunity Act (by 2025) which allows trading between sub-Saharan African countries with the United States tariff-free.

Solange Che

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BEAC raises key interest rates to support CFA franc Policy rate lifted to 4.75% amid falling foreign reserves Shift reverses earlier easing criticised...
African companies raised about $220 billion in equity on local stock markets over the past 25 years Equity market capitalization rose...
WAEMU foreign exchange reserves rose to about $33 billion by end-October 2025. Import cover increased to six months from 3.8 months in...
CardinalStone Capital Advisers plans to raise $120 million for its second SME-focused fund in West Africa. The International Finance...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.