New Delhi, April 27: A significant step has been taken to enhance trade relations between India and Kenya. During the 10th India-Kenya Joint Trade Committee meeting held in Nairobi on Monday, both countries signed a crucial Memorandum of Understanding (MoU) regarding the exchange of pre-arrival information. This agreement was established between India’s Central Board of Indirect Taxes and Customs (CBIC) and the Kenya Revenue Authority (KRA).
The official Twitter account of the Indian High Commission in Nairobi announced the signing of the MoU, stating, “During the 10th India-Kenya Joint Trade Committee meeting held in Nairobi, a memorandum was signed on the exchange of information prior to the arrival of goods between CBIC and KRA.”
The post further emphasized that this agreement will promote customs cooperation, expedite clearance processes, enhance risk management, and facilitate bilateral trade between India and Kenya.
The MoU was signed by CBIC member Yogendra Garg and KRA Commissioner General Dr. Lilian Nyawanda. Also present were India’s Commerce Secretary Rajesh Aggarwal and Kenya’s Trade Principal Secretary Regina Akoth Ombam. This agreement aims to improve collaboration in customs procedures, ensure faster clearance of goods, enhance risk management, and ease trade between the two nations.
Rajesh Aggarwal and Regina Akoth Ombam co-chaired the meeting, where both countries discussed critical issues such as increasing trade, improving market access, and reducing tariff and non-tariff barriers.
India and Kenya emphasized the importance of collaboration in sectors like pharmaceuticals, agriculture, digital public infrastructure, fintech, energy (especially renewable energy), and manufacturing. They also agreed to advance partnerships in logistics, infrastructure planning, and capacity building.
Both nations reiterated their commitment to fostering a balanced, diverse, and future-oriented economic partnership. They also agreed to strengthen institutional mechanisms to facilitate trade, resolve pending issues, and promote business-to-business cooperation.
This agreement is seen as a pivotal move to redefine trade relations between India and Kenya while also bolstering economic cooperation on a global scale.
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