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{
    "id": 134412,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/134412/?format=api",
    "text_counter": 269,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Temporary Deputy Speaker, Sir, on the Ministry’s key achievements in the last the 2008/2009 Financial Year, I would like to report the following: First, wholesale and retail trade continued to be among the critical drivers of our Gross Domestic Product (GDP) growth. Wholesale and retail trade contributed 15.4 per cent of our GDP in 2007. This grew to 29.6 per cent in 2008. Again, that tells us the direction to go as a country in terms of trade within our GDP. In terms of international trade arrangements, as a Ministry we continue to spearhead the multi-lateral as well as regional and bilateral negotiations to improve the market access for Kenya’s exports. Kenya’s exports have continued to grow at an average of 11.5 per cent annually, while the imports have been growing at 12.5 per cent in the last five years. In addition, Kenya did sign a bilateral agreement with South Africa on 19th September, 2008. As a result of this agreement, trade between the two countries is expected to thrive. We will be signing many more initiatives in the next one month. Mr. Temporary Deputy Speaker, Sir, from a COMESA perspective, Kenya has continued to dominate the export market share again for intra-COMESA trade, accounting for over 25 per cent of all the intra-COMESA trade in 2008. To deepen the regional integration further, the Ministry co-ordinated the various national activities leading to the launch of the COMESA Customs Union on 9th June, 2008, in Victoria Falls Town, Zimbabwe."
}