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The World Trade Organisation is more important now than ever
Director-General of the World Trade Organization Ngozi Okonjo-Iweala speaks during the opening ceremony of the World Trade Organization ministerial meeting in Abu Dhabi, United Arab Emirates on February 26, 2024. PHOTO | REUTERS
Trade is the lifeblood of the global economy — it brings countries together and can transform people’s lives for the better. I’m proud of the strength of the trading relationship between the UK and Kenya, thanks to our Economic Partnership Agreement and the Developing Countries Trading Scheme.
Our two countries have a long history of economic cooperation. Bilateral trade between Kenya and the UK is currently worth Sh256 billion annually. There are currently an estimated 150 UK enterprises in Kenya that directly employ over 250,000 Kenyans. British companies are amongst Kenya’s largest taxpayers.