The transformative impact of AGOA on Kenya’s economy

By Robert Mutasi

The African Growth and Opportunity Act  [AGOA ] changed the game  to Kenya, bringing it to the international market and driving economic change.

Since its inception, AGOA has given Kenyan companies unprecedented access to the U.S. key market, encouraging growth, innovation and sustainable development. The importance of GMOs cannot be overemphasized.

This opened up the U.S. market with over 6,000 products from Kenyan exporters and tax-free and impartial entry. Preferential treatment has made it possible to combine exports with non-traditional exports and increase the competitiveness of Kenyan products on world markets.

Textile and textile industries have benefited greatly from such preferential treatment; they have thus become an energy sector that makes a positive contribution to overall employment and GDP growth.

Kenyan companies have used the AGOA agreement to enter the US market and create thousands of jobs, as well as many other industries such as logistics, packaging and agriculture.

In addition, GMOs have stimulated capacity building and innovation. Kenyan companies had to meet the high standards and safety of the American market.

This has increased the quality of products and their production processes. He has also helped improve the reputation of Kenyan products in the international market and integrate quality culture and innovation into the domestic market.

The huge economic impact of GMOs is not so great: the increase in export revenues has absorbed much-needed foreign currency into the economy, strengthening the Kenyan shilling and reducing trade deficits.

In addition, incoming investments in Kenya due to the promise of access to the US market have stimulated infrastructure development and technology transfer, further strengthening Kenya's economic stability and industrial base.

But the impact of AGOA goes beyond the economy. The plan laid the groundwork for strengthening bilateral relations between Kenya and the United States through negotiations, cooperation and mutual benefits.

Ongoing cooperation between U.S. policy makers and Kenyan leaders underscores the strategic importance of this cooperation. It demonstrates a common commitment to using business as a tool for regional development, security and stability.

This will be an important part of maintaining Kenya's economic momentum through renewal and further expansion of GMOs in the future.

while the country is seeking expanded cooperation in the global economy, GMOs continue to act as part by linking with this mission of collective growth, innovation and prosperity.

Thanks to its sustainable participation in the new opportunities offered by the initiative, Kenya is in a strong position on the path to integrated and sustainable economic development, becoming a place among current actors of dynamic change in the modern world.