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{
    "id": 496649,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/496649/?format=api",
    "text_counter": 156,
    "type": "speech",
    "speaker_name": "Hon. Moi",
    "speaker_title": "",
    "speaker": {
        "id": 2689,
        "legal_name": "Kipruto Moi",
        "slug": "kipruto-moi"
    },
    "content": "I think I have the microphone now, hon. Temporary Deputy Speaker. Thank you very much for this opportunity to briefly comment on this very important Motion because I believe in it and from the outset I would like to support this Motion. I do not want to belabour the points because they have been made; they have talked of the advantages to Kenya. These are enhanced trade and investments, reduction in foreign exchange risks, increased efficiency and a wider market and having the issue of price comparisons which will act as an advantage to traders and consumers. We have heard all these. We have also heard about the challenges to the partner states. There will be challenges and as I have heard from the other Members of Parliament, there will be loss of sovereignty in terms of monetary and exchange rate policies, amendments of certain laws in Parliament so that they conform to the Monetary Union protocols and constrained fiscal environment. However in spite of all these challenges, Kenya stands to gain because of her manufacturing prowess in agriculture and tourism. If it means a wider market for Kenyan goods, then I do not see why it should have any negative consequences. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}