Foreign Trade, FDI, and Capital Flows Study

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  • Publication
    Kenya Exports Performance Overview
    (World Bank, Washington, DC, 2012-08) World Bank
    Kenya's economy has been running on one engine. Kenya's strong engine is domestic consumption, which accounts for 75 percent of Gross Domestic Product (GDP). Kenya's weak engine remains its exports, which have been declining sharply in relative importance. Kenya's top four main exports do not earn enough to pay for oil imports, not to mention other imports. It will be very difficult for Kenya to achieve high growth over an extended period of time because of its existing economic imbalances. Kenya needs to increase its export competitiveness. It is clear that Kenya's trade performance is below its potential. The objective of this overview is to provide some of that analysis and to contribute to the policy dialogue on the role of exports Kenya's future growth. This paper focuses on five issues: 1) overall trade orientation and export growth; 2) merchandise export trends; 3) merchandise exports by sector; 4) merchandise exports by destination; and 5) diversification. The growth of merchandise exports has been slow and volatile. The average annual growth rate of merchandise exports has been only 10 percent. And while countries such as Vietnam have has a distinct export growth trajectory with steady growth in merchandise exports year after year, Kenya's pattern has been rather volatile with a few good years followed by major falls. Export growth has been driven primarily by existing products in existing markets. Overall there has been little new product/new market discovery.
  • Publication
    Options for Strengthening East African Community's Trade Integration
    (Washington, DC, 2007-09) World Bank
    The treaty for the establishment of the East African Community (EAC) was signed in November 1999 by Kenya, Tanzania, and Uganda. The treaty, which entered into force in June 2000, aims a comprehensive integration process comprising of trade, economic, and political integration. The ultimate objective is to establish a political federation in 2015 through a progression of trading and economic arrangements (customs union, common market, and monetary union) as well as host of joint projects to develop regional infrastructure, manage regional commons, and produce regional public goods. Given the small size and the low income level of the member countries, aiming for a comprehensive integration is the right strategy, which will enable them to pull their resources together, broaden their markets, harmonize their policies, and enhance their competitiveness collectively to be able to expand their productive capacity and regional and global trade to accelerate growth. Burundi and Rwanda were accepted a new members of the EAC in November 2006. Their membership is expected to be effective in the second half of 2007. This report suggests a list of core priority areas and recommends broad direction of reforms. Its analysis and recommendations will serve as a useful contribution to the ongoing negotiations among the member states for an EAC common market as well as to efforts to harmonize programs between Common Market for Eastern and Southern Africa (COMESA), South African Development Community (SADC), and EAC.
  • Publication
    Kenya : Unleashing the Potential for Trade and Growth
    (Washington, DC, 2007-02) World Bank
    There is tremendous potential for trade to play a key role in driving and sustaining growth and poverty reduction in Kenya. There is significant potential for greater participation in international markets to support growth and poverty reduction. Kenya has had some notable achievements: in cut flowers and fresh vegetables. This report assesses Kenya's trade performance, and identifies key domestic constraints to its further integration into the global economy. Furthermore, the report advances a set of recommendations to tackle these constraints, with a focus on how trade can contribute to growth and poverty reduction in the country. Specifically, the report aims to support the Government o f Kenya (GOK) to: realize its Investment Program for the Economic Recovery Strategy for Wealth and Employment Creation 2003-2007 (IP-ERS), to implement its National Export Strategy (NES); to implement its Private Sector Development strategy and formulate a trade-policy strategy.