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{
    "id": 16492,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/16492/?format=api",
    "text_counter": 372,
    "type": "speech",
    "speaker_name": "Mr. Keynan",
    "speaker_title": "",
    "speaker": {
        "id": 41,
        "legal_name": "Adan Wehliye Keynan",
        "slug": "adan-keynan"
    },
    "content": "Five years ago, our number one trading partner was the United Kingdom (UK). Today, our most valued trading partner is our neighbour Uganda. Six years ago, if you look at the volume of trade, Tanzanians were doing more business with South Africa than Kenya. Today, Tanzania remains our number four most important trading partner. Rwanda is number eight. Therefore, there is a total shift from the traditional countries that we used to do business with to emerging markets. Look at the volume of trade between Kenya and China. Six years, ago, it was almost non-existent. Look at the volume of trade between United Arab Emirates and Kenya. Therefore, we must be dynamic in our thinking. We must be dynamic in our foreign policy. This tells us, we must avoid a situation where we will have an ad hoc foreign policy, or economic policy. It is because of this that we must be present. For us to implement the generous constitutional dispensation under the current Constitution, this country’s economic growth must be between 6 to 15 per cent. Otherwise, we will be borrowing from the local markets, and every day, we will have an increment of the domestic debts. You know the domestic debts? I know we have been struggling over the last few years to externalize this. This is one of the reasons that have even contributed to the rising inflation and other things. Eventually, Kenyans we will learn that we have more to gain from pursuing economic diplomacy."
}