Kenya will try to strengthen its ties with Indonesia in order to boost commerce.
To create a trade balance that benefits the nation of Southeast Asia, according to President William Ruto, the investment scope will also be expanded.
“We will seize our energies and create the necessary environment for increased trade between our countries,” said President Ruto.
More than $600 million in investments and trade took place between the two nations last year. The President named many high-yielding sectors as areas of concentration, including mining, oil production and refining, textiles and apparel, energy, and textiles and apparel.
During a bilateral meeting with Indonesian President Joko Widodo on his state visit to Kenya, he made the comments on Monday at State House in Nairobi.
He stated that Kenya would be looking to Indonesia for assistance in breaking into the Association of Southeast Asian Nations, a rapidly expanding trading bloc in Asia.
He explained that Kenya will also work with Indonesia to attract global firms to invest in value addition chains.
President Ruto stated that the move will help Kenya grow its industries and attain a trade balance with Indonesia.
He added that Kenya will cooperate with Indonesia in textiles and apparel, energy, mining, oil production and refining sectors.
“These sectors will grow our bilateral investment portfolio and contribute to increased trade,” he said.
The President argued that the Government is particularly eager to facilitate Indonesian firms to invest in edible oil processing.
“Indonesia’s investment will support the Government’s efforts to ensure affordable and accessible edible oil for the majority of the Kenyan people, especially in rural areas,” said Ruto.
President Widodo expressed his country’s desire to make sure the partnership with Kenya is advantageous to the people and his commitment to working with Kenya for their mutual prosperity.
