Bilateral Trade between Kenya and Tanzania reaches USD 860 million and counting …
Kenya and Tanzania have signed eight key instruments covering energy, legal cooperation, agriculture, Rural development, Public Service, capacity building, Maritime cooperation, certification benchmark for seafarers.
Black News 
The value of bilateral Trade between Kenya and Tanzania has currently reached USD 860 million mark and counting.
On the other hand, Kenya and Tanzania have just signed eight key instruments covering energy, legal cooperation, agriculture, Rural development, Public Service, capacity building, Maritime cooperation, certification benchmark for seafarers, and harmonization of standards.
“The continued growth in bilateral trade, reflects expanding opportunities and strong economic complementarities between the two Nations,” said the President of Kenya, Dr William Ruto.
Speaking in Dar-es-salaam, during a regional Business Forum, President Ruto pointed out that Kenya Needs Tanzania as much as Tanzania needs Kenya.
“We are one people with a common destiny. There was a time That trade between our two countries Was in favor of Kenya. Today, the story is very different. The trade between our two countries is balanced,” Ruto told the delegates comprising investors and business leaders from Kenya and Tanzania.
“The relationship between Tanzania and Kenya is mutually beneficial, and that means we should walk on creating more Synergy, Creating more Bridges, not barriers and more stepping stones, not broad blocks.”
“The Sooner, we realized that we must avoid the unnecessary suspicion between our two countries, the better because it is not helping anybody but making all of us weaker,” he added.
According to Ruto, leaders from both countries have also discussed joint tourism promotion and cooperation because the sector is a key driver of growth, foreign exchange earnings and employment.
Meanwhile Tanzania and Kenya are working to ensure their respective road infrastructures are connected and where possible linked with railway backbones to speed up trade, communication and movement of goods in the East African Community (EAC).
As for the proposed Dangote Oil Refinery Plant envisaged for Tanga Port City, President Ruto said it was not just Kenya and Uganda that are supporting the ambitious project, but also Rwanda and Burundi because the factory will make thee Eastern Africa region self-reliant on energy supply, create employment and add value to other industries.
