Kenya wants to sell more goods to Singapore and narrow a trade gap that currently favours the Asian country, The Star reported. The push follows talks between Deputy President Kithure Kindiki and Singapore Deputy Prime Minister Gan Kim Yong.
The two leaders met on Tuesday, November 3, on the sidelines of the 28th Commonwealth Heads of Government Meeting (CHOGM) in St John's, Antigua and Barbuda. They discussed ways to strengthen bilateral trade and cooperation.
Figures presented at the meeting showed that Singapore exports goods worth about $80 million to Kenya. Kenya's exports to Singapore stand at about $10 million. According to The Star, both sides agreed to look for ways to raise Kenyan exports and build a more balanced trading relationship.
Kindiki said Kenya could learn from how Singapore built up its trade, transport and logistics sectors. He also named Singapore's public housing programme as a model for Kenya as it tackles its own housing challenges.
The talks also covered cooperation on climate action. The leaders discussed reforms to the global financial architecture, especially to address the interests of developing countries.
The Star said Kenya's interest in Singapore's logistics experience is part of a wider push to grow trade with Asian markets. Kenya also wants to widen the range of goods it exports. CHOGM brings Commonwealth leaders together to discuss shared challenges, economic partnerships and development priorities.