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{
    "id": 695424,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/695424/?format=api",
    "text_counter": 110,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Otucho",
    "speaker_title": "",
    "speaker": {
        "id": 12837,
        "legal_name": "Mary Emaase Otuch",
        "slug": "mary-emaase-otuch"
    },
    "content": "you look at situational analysis from Page 22 to Page 28, you will realize that in those tables, there are huge opportunities that Kenya could tap into. I want to make reference especially to trade in chilled fish where the extra EU imports are so huge. When you look at the total EU market, it is at 5,249 Euros, but 4,443 are extra EU exports. Kenya’s share in the particular imports is just about 1.16 Euros, while for a country like Morocco it is 54.25 Euros. This is a challenge even to us legislators. There is so much opportunity, which will guide us on where to redirect our resources and where to invest. Other Members have mentioned the need for us to create employment. Most of our youths are getting the knowledge and skills. We are investing so much in institutions such as training technical institutes. Where are we taking the youths who graduate from those institutions? These agreements present an excellent opportunity for investments for our youth, women and business people who would want to run private investments. In addition, this will promote industrialization. Most of the issues have already been mentioned. However, I would like to add that it also provides for trade remedies agreement which will prevent dumping. We have talked about so many goods being brought into this country from other countries such as China. In this particular Agreement, if goods that enjoy huge subsidies in the country of origin find their way into this country, those goods will be subjected to high taxes in this country. That way, we will make our goods more competitive. This is a very important Bill and I would like to urge all Members to support it. I also would like to appeal to other East African partner states to fast-track the process. Some of them like Tanzania have asked for more time to read and understand the Agreement. That was not too much to ask for. They were granted that time, but they need to read through and give it the necessary and urgent consideration that it requires. As Kenyans we need to approve this Bill failure to which it will cost us, for we stand to lose business. We stand to lose 70 per cent of exports worth Kshs90 billion and investments worth Kshs200 billion. We will fail this country if we do not ratify this Agreement at this point in time. Thank you, Hon. Speaker, I support."
}