Kenya and Turkey to sign tax treaty

Ahmet Cemil Miroglu, Turkish ambassador to Kenya has announced that both countries are keen to improve the environment for investment and trade. 

“Officials of the two countries have exchanged a draft of the double taxation avoidance agreement and so the treaty should be signed by end of 2019”, Miroglu says. 

The level of bilateral trade is currently below the potential of the two countries. According to the Turkish envoy, bilateral trade hit 23.3 billion shillings in 2018 and was in favour of Turkey. 

Miroglu notes that Turkey exported machinery, textiles and furniture to Kenya while Kenya sold coffee, tea, horticulture and fruits to Turkey observing that both countries want to ensure that bilateral trade is based on win-win relations.

“We are looking for a way to enable more Kenyan goods to be sold in Turkey,” he adds. 

The envoy says that bilateral ties could be improved through interaction of the business community from the two countries. In September, a delegation from Turkey’s health sector will be on a trade mission to Kenya to see opportunities in the country’s health sector. 

“The delegation will showcase the latest health medical equipment from Turkey that could improve health outcomes for Kenyans,” Miroglu adds.