A Range of Tax Treaties and Investment Promotion and Protection Agreements.

 

Kenya has a number of tax treaties and investment promotion and protection Agreements. Exports from Kenya enjoy preferential access to world markets under a number of special access and duty reduction programmes. Kenya is signatory to various agreements aimed at enhancing trade amongst member states.

 


www.wto.org

www.acpsec.org
www.agoa.org
www.unctad.org
www.miga.org

Multilateral Trade System (MTS)
The World Trade Organization (WTO) is the only international organisation dealing with the global rules of trade between nations. The overriding objective of the WTO is to ensure that trade flows as smoothly, freely and predictably as possible. Kenya has been a member of the WTO since its inception in January 1995. www.wto.org

ACP/Cotonou Partnership Agreement
Exports from Kenya entering the European Union are entitled to duty reductions and freedom from all quota restrictions. Trade preferences include duty-free entry of all industrial products as well as a wide range of agricultural products including beef, fish, dairy products, cereals, fresh and processed fruits and vegetables. More at www.acpsec.org

African Growth and Opportunity Act (AGOA)
Kenya qualifies for duty free access to the United States of America (USA) market under the African Growth and Opportunity Act enacted by USA. Kenya’s major products that qualify for export under AGOA include textiles, apparels, handicrafts, etc. www.agoa.org

Generalised System of Preferences (GSP)
Under the Generalised System of Preferences, a wide range of Kenya’s manufactured products are entitled to preferential duty treatment in the United States of America, Japan, Canada, New Zealand, Australia, Switzerland, Norway, Sweden, Finland, Austria, and other European countries. In addition, no quantitative restrictions are applicable to Kenyan exports on any of the 3,000-plus items currently eligible for GSP treatment. See www.unctad.org

Investment Protection Guarantee
The constitution of Kenya guarantees protection of life and private property. The Foreign Investment Protection Act guarantees against expropriation of private property by government. Kenya is a signatory to and Member of the Multilateral Investment Guarantee Agency (MIGA) an affiliate of the World Bank which guarantee investors against loss of Investment to political problems in host countries . See www.miga.org for more details

Kenya is also signatory to International centre for Settlement of Investment Disputes which is a channel for settling disputes between foreign investors and host governments

The constitution of Kenya
guarantees protection of life
and private property.
The Foreign Investment
Protection Act guarantees
against expropriation of private
property by government. If
expropriation ever occurs, it will
be for public good and prompt
compensation must be given.
Kenya is a signatory to and
Member of the Multilateral
Investment Guarantee
Agency (MIGA) an affiliate
of the World Bank which
guarantee investors against
loss of Investment to political
problems in host countries.
Kenya is also signatory to
International centre for
Settlement of Investment
Disputes which is a channel
for settling disputes between
foreign investors and host
governments

Bilateral Trade Agreements
Kenya has signed bilateral trade agreements with several countries around the world. Some of the countries are already members of existing schemes offering market access/duty reduction preferences as above.

1. Argentina                                        15. Nigeria                                       Agreements Under Negotiations
2. Bangladesh                                     16. Pakistan                                       1. Belarus
3. Bulgaria                                           17. Poland                                         2. Czech Republic
4. China                                              18. Romania                                       3. Ethiopia
5. Comoros                                         19. Russia                                          4. Eritrea
6. Congo (DRC)                                  20. Rwanda                                        5. Iran
7. Djibouti                                           21. Somalia                                         6. Kazakhstan
8. Egypt                                              22. South Korea                                 7. Mauritius
9. Hungary                                          23. Swaziland                                     8. Mozambique
10. India                                             24. Tanzania                                       9. South Africa
11. Iraq                                              25. Thailand
12. Lesotho                                        26. Zambia
13. Liberia                                          27. Zimbabwe
14. Netherlands