27 July 2012

Kenya: Turkey Eyes More Trade With Kenya

TURKEY is targeting to grow the volume of bilateral trade with Kenya to a worth of $500 million within the next three years, an official at the Turkish embassy in Nairobi has said.

While introducing a business delegation of officials from the Turkish electronics sector, Koray Demircan, the commercial counsellor at the embassy said the country is looking to import more from Kenya other than the usual leather, tomato seeds and tea products. In turn he said, Kenya could benefit from quality fertilizer, wheat flour and construction material from Turkey.

Trade between the two countries stood at a worth of $214 million by end 2011. "The growth of Kenya's economy is creating demand for electronic products and will create a good market for these goods which we have mostly been exporting to Europe," said Demircan. The volume of trade has however been biased in favour of Turkey but Demarcan said plans are underway to send a delegation of Kenyan businessmen to Turkey for networking and market sensitization so that they can identify the product needs of that country.

Copyright © 2012 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.