The 4th Joint Economic Committee (JEC) meeting of the Kenya-Republic of Korea (ROK), took place in Nairobi on April 3, 2017.
The JEC, a channel for regular high-level consultations on economic diplomacy between the two countries, had Amb Tom Amolo Political and Diplomatic Secretary and Deputy Minister for Economic Affairs Lee Tae-ho leading the two delegations respectively.
The meeting concluded with the adoption of the Agreed Minutes, which contain the results of their discussion.
The meeting reviewed the current state of trade and investment flows and the overall economic relations between Kenya and the ROK. Kenya is ROK’s largest trading partner in East Africa and traditional ally that has recorded annual average growth rates of over 6 per cent in recent years.
The two sides also discussed;
- Ways for Korean companies to participate in Kenya’s economic development plan Vision 2030;
- Ways to enhance trade and investment between the two countries, and;
- Ways to expand economic cooperation in a range of areas, including human resources development, science and technology, and e-government.
During the visit Mr. Lee paid a courtesy call on Cabinet Secretary Amb. Amina Mohamed, and discussed issue of mutual interests between the two countries including respective regional security.