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Kenya and Singapore agree to implement trade, investment treaty

President William Ruto receives Prime Minister of Singapore Lee Hsien Loong at State House, Nairobi on May 18, 2023. [Courtesy, PSCU]

Kenya and Singapore have agreed to operationalize a treaty they signed five years ago to improve trade and investment between the two countries.

The Bilateral Investment Treaty signed in 2018 sought to, among other things, remove double taxation on imported goods but the agreement is yet to come into effect due to a lack of clarity on how this should be done.

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