This morning, the Ambassador of the Argentine Republic to Kenya and Permanent Representative of the UN Office in Nairobi H.E. Gabriela Martinic paid a courtesy visit to the Chamber President Mr. Richard Ngatia at the KNCCI offices. The Ambassador was accompanied by the Head of Economic, Commercial and Consular Section of the Embassy Mr. Gonzalo Adrian Danela.
The meeting drew importance to the emerging need for South-South cooperation to achieve sustainable development in the global south. It was asserted that Kenya and Argentina have great potential for technical cooperation in trade and investment. Kenya being the most industrialized country in East and Central Africa presents an entry point to the EAC and AfCFTA market. Argentina is one of the largest national economies in South America, and presents a strategic entry to penetrate the huge markets in Latin America.
Argentina is a global giant in agriculture and food processing, as well as liquor and beverages. This can complement Kenya’s agriculture in value addition, machinery and agro-processing of cereals. Sectors of mutual interest for investment and benchmarking between the two countries are: ICT, Fintech, Healthcare, Tourism, Retail, Manufacturing, Blue economy and Exchange of culture, Labor and the Film Industry.
Through the Embassy assistance, the two Countries shall form a Joint Business Council led by the Chambers of Commerce to help address trade barriers and facilitate exchange of market information and trade opportunities.
KNCCI shall leverage on the MOU signed in 2017 with the Foreign Trade Chamber of the Federated Union Commerce and Industry in Argentina to organize a joint business forum or trade mission in either countries to convene the business communities for networking and building new trade partnerships.