NAIROBI, June 5 (Xinhua) -- Kenya on Wednesday decried its widening trade imbalance noting that it could affect growth of domestic industries.
Chris Kiptoo, principal secretary of the Ministry of Industry, Trade and Cooperatives said in Nairobi that imports are currently three times the level of exports.
"We hope to bridge the trade deficit through growing exports by at least 25 percent annually," Kiptoo said during the opening ceremony of the eighth edition of the International Flower Trade Expo.
The three-day expo is a platform to bring together flower growers, exporters, breeders, cargo agencies in the flower value chain.
Kiptoo said that the horticultural and textiles sectors are one of the best performing industries in the country because they posted double digit growth in exports last year.
The official added that Kenya hopes to leverage its existing bilateral and multilateral trade agreements to boost exports.
