Measures Kenya has taken to reduce her unfavorable balance of trade

• Government imposes tariffs on imported goods so as to discourage importation of non-essential goods and luxury goods
• Kenya has established the export processing zones and encouraged foreign investors to set-up industries which increases the volume of exports

• She (Kenya) signed the international trade agreement which increases her trade thus a wider market
• The government encourages production of high quality goods which are competitive in the world
• market
• The government has created the ministry of trade and industry to oversee matters relating to trade in
• the country
• The government organizes trade fairs to enable the business community advertise their products and this helps to widen the markets for the products.
• Development of other sources of energy, conservation of oil, e.g. gasoline, Hydroelectric power (HEP), solar, biogas, etc in order to reduce importation of fuels.
• Establishment of import-substitution industries to reduce imports of commodities.
• Encouragement of use of appropriate/local technology e.g. Jua Kali which does not require imports of heavy machines.

RELATED POSTS

• POPULATION PROBLEMS IN CHINA
• Factors for the development of Mombasa port
• 8 NEGATIVE EFFECTS OF ROTTERDAM PORT IN NETHERLANDS
• Importance of rotterdam port
• MEASURES TAKEN TO SOLVE POPULATION PROBLEMS IN KENYA