Trade CS Adan Mohammed. [Photo/KenyaToday]The Cabinet secretary for trade Adan Mohamed has called for increased export destinations for Kenyan products.
According to the CS, the increase will reduce reliance on traditional markets.
Mohamed has noted that there is a lot of untapped export potential due to lack of access to information about alternative markets.
“The concentration of trade in a few countries poses potential exposure so that if we have an issue with one of the countries, it hurts our export prospects,” said Mr Mohamed.
He was speaking recently during the unveiling of the National Trade Negotiation Council (NTNC) and Kenya’s e-trade portal in Nairobi.
Kenya imports are three times higher than its exports, leading to a huge trade deficit.
The country also has few export destinations, with over 70 per cent of exports going to only 12 countries.