Shaoxing Yican Import and Export Co., Ltd., a renowned enterprise in the textile industry, was recently invited by the Kenya Investment Promotion Agency to conduct a one week business visit to Kenya. During the visit, the two parties reached a consensus on cooperation and signed a strategic cooperation agreement. This move aims to further expand and open up the market and influence of Yican Textile in Africa, while also helping Kenya improve its textile industry level and meet its huge market demand.
Shaoxing Yican Import and Export Co., Ltd. Chairman Luo Liqin signed a strategic contract with PIUS ROTICH, General Manager of Kenya Investment Promotion Agency
Yican Textile is a comprehensive textile enterprise that integrates research and development, production, and sales. It has advanced production technology and equipment, and its products cover various types of textiles such as clothing and home textiles. This cooperation with the Kenyan government will help Yican Textile further expand its product sales in the African market, while also bringing advanced textile technology and management experience to Kenya.
Shaoxing Yichan Import and Export Co., Ltd. is a professional textile company established on November 29, 2021. The team has 15 years of experience in the fabric industry. The company's annual sales reach over 2 billion yuan, with shipments of approximately 5 million meters of woven fabric and 100000 pieces of knitted fabric. The company also has an export volume of approximately 50 million, with products exported to multiple countries including Vietnam, Russia, Kyrgyzstan, Uzbekistan, Moscow, South Korea, Bangladesh, India, Kenya, Ethiopia, Rwanda, South Sudan, the Democratic Republic of Congo, Cote d'Ivoire, Senegal, and Nigeria. It has 8 years of experience in export business.
Yican's main business categories include woven and knitted products. In terms of weaving, we offer a variety of products including all cotton elastic, non elastic cotton fabric, CEY, DTY, TR four sided elastic, and brocade cotton weft elastic. In terms of knitting, there are styles such as imitation woolen series, threaded series, hoodie series, Roman brother series, etc. In addition, various woven and knitted printed products are also provided. The company's advantage lies in independent research and development, as well as self production and sales. We have a professional R&D team dedicated to developing new styles and improving product quality. At the same time, it also has a complete production system that can ensure stable supply and high quality of products. Yican is customer-oriented and provides personalized customized services to meet the needs of different customers.
Kenya is a country with abundant natural and human resources, and its textile industry plays an important role in the national economy. However, due to limitations in technology and management, the development of Kenya's textile industry has been relatively slow. This cooperation with Yican Textile will help Kenya introduce advanced textile technology and management experience, and enhance the overall level of its textile industry.
Kenya's 2030 Vision is the fifth largest economy in sub Saharan Africa, with the most developed financial services and information technology in the region. It enjoys duty-free quota free market access from the United States, the European Union, the United Kingdom, the East African Community, the Common Market for Eastern and Southern Africa, and the soon to be established African Continental Free Trade Area.
These regional plans include public user facilities such as inland container yards, railway marshalling yards, logistics areas, and public facility areas with supporting modern infrastructure. They will also provide state-of-the-art transfer facilities to achieve seamless transfer between standard gauge railways (SGR) and meter gauge railways (MGR) for handling goods destined for the East African Community and Central African countries.
Kenya has many attractive investment advantages, including its strategic location as the gateway to East Africa, fully liberalized economy, vast domestic market, skilled and productive human resources, advanced infrastructure, policy ambition and clarity, numerous investment opportunities stemming from proactive development plans, and a very strong private sector that provides cooperation opportunities for foreign investors. The fiber, textile, and clothing industries are at the core of Kenya's economic development plan, primarily the Kenya 2030 Vision and the four major agendas. Kenyan export promotion and branding agencies conduct market research and surveys in priority markets (including AfCTA African Continental Free Trade Zone, EACi, COMESA, AGOA, EU under EPA, etc.) to identify export opportunities.
Over the past five years, companies here have positioned Kenya as the largest clothing exporting country to the United States under the African Growth and Opportunity Act. In 2019, Kenyan companies exported textiles and clothing worth over 450 million US dollars to AGOA.
1： Opportunities in terms of raw materials: Currently, most raw materials and auxiliary materials are imported from Asia. There is an opportunity to collaborate with existing textile factories in Kenya and the region. Although Kenya has developed packaging and label manufacturers, there is strong demand for local production of other key inputs such as threads, zippers, braids and ribbons, buttons, studs, and lining fabrics. The significant growth of textiles and clothing in East Africa provides enormous market opportunities for these inputs.
2：Transportation advantage: Kenya has a vast Indian Ocean coastline, making it ideal as a production and distribution base serving Africa, Europe, the Middle East, and South Asia
1. Air Transport Hub (Nairobi Jomo Kenyatta International Airport is an effective air hub between Africa, Europe, the United States, and Asia. Kenya also has three other international airports: Mombasa, Eldoret, and Kisumu)
2. Kenya's Deepwater Port (Mombasa is the largest port in East Africa, consisting of 19 deep-water berths, including 6 for container ships and others for oil tankers, bulk cargo, and general cargo. It also provides barge and single masted sailboat berthing services)
3. The standard gauge railway network (the new standard gauge railway was completed in 2019, departing from Mombasa, passing through Nairobi to Naivasha, and planned to eventually connect to Uganda. The railway operates 30 freight and 2 passenger services between Nairobi and Mombasa every day. Naivsha SEZ has the most advanced internal container warehouse, ensuring seamless connection to Athi River Industrial Park and Kisumu through the meter gauge railway)
3： International tax policy:
1. According to the African Growth and Opportunity Act (AGOA), Kenya is eligible for duty-free access to the US market until 2025. Kenya's main products eligible for export under the African Growth and Opportunity Act include textiles, clothing, and handicrafts.
2. EU: ACP/Cotonou Partnership Agreement: Kenyan exports entering the EU are entitled to tariff reductions and are not subject to all quota restrictions. Trade preferences include duty-free entry for all industrial products as well as various agricultural products, including beef, fish, dairy products, grains, fresh and processed fruits, and vegetables. For more information, please visit African, Caribbean, and Pacific countries
3. The UK Kenya Economic Partnership Agreement (EPA) was signed in London in December 2020. This agreement provides Kenyan companies with the opportunity to enter the UK market tax-free.
4. Under the Generalized System of Preferences (GSP), various manufactured products from Kenya enjoy preferential tariff treatment in the United States, Japan, Canada, New Zealand, Australia, Switzerland, Norway, Sweden, Finland, Austria, and other European countries.
5. African regional market: Kenya is a member of the East African Community (EAC) with a population of approximately 145 million. It is also a member of the Common City for Eastern and Southern Africa (COMESA), with a population of approximately 400 million people. Member countries enjoy preferential tariff rates for exports and imports. The member states of the East African Community have signed a protocol to establish a common customs union.
6. Bilateral trade agreements: Kenya has signed bilateral trade agreements with several countries: Argentina, Bangladesh, Nigeria, Bulgaria, China, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Hungary, India, Iraq, Lesotho, Liberia, Netherlands, Pakistan, Poland, Romania, Russia, Rwanda, Somalia, South Korea, Eswatini, Tanzania, Thailand, Zambia and Zimbabwe.
7. Other agreements are currently being negotiated with several other countries, including Belarus, Czech Republic, Ethiopia, Eritrea, Iran, Kazakhstan, Mauritius, Mozambique, and South Africa.
World Cultural Business Card · Brand Overseas Plan (Africa Station) officially launched
The World Culture Business Card International Business Service System Platform is a global cultural exchange platform jointly initiated by organizations such as the World Culture and Arts Cooperation Organization and the WEMOVART Group. This platform aims to systematically excavate, organize, disseminate, promote, inherit and innovate the root cultural symbol groups of various ethnic groups around the world (such as text, music, art, clothing, totems, etc.), and promote exchanges and cooperation among various ethnic groups in the fields of culture, art, etc. through various means (such as book publishing, education and training, intangible cultural heritage innovation, exhibition display, brand incubation, IP building, industrial agglomeration, public welfare activities).
In addition, the international business service system platform of World Culture Business Card also has an important goal, which is to let the world see China and let China see the world. Through this platform, cultural features and product advantages from around the world can be showcased and disseminated, promoting global cultural exchange and interaction.
-Project background: Chinese enterprises are facing serious problems of overcapacity, fierce competition, and difficult market conditions;
-Project significance: help Chinese enterprises go global along the "the Belt and Road" initiative;
-Goal: To build an overseas business service system platform to help Chinese enterprises explore all African markets;
-Vision: Let the world see you, let you see the world.
Overseas Business Service System Platform Content:
1. Africa strategic layout (understanding the overall political and economic environment in Africa, formulating Africa strategic layout, and providing phased assistance in landing in various countries. That is, developing in depth in the existing African country market, using the existing primary market as the "headquarters" to make it more transparent and strong, and then expanding to the secondary and tertiary markets. Different strategies can be adopted based on the position, distance, characteristics, and connections of the target market);
2. Local cultural training (African culture, cross-cultural communication training, African laws and regulations, business environment, social customs, safety awareness, etc., specific training content should be customized according to the actual needs of the enterprise and the characteristics of the African market. At the same time, training should be based on practicality and effectiveness, focusing on cultivating employees' cross-cultural communication and cooperation abilities);
3. Frontier professional consulting;
4. Product market research;
5. Product development strategy;
6. Highly connected relationships (government power, expert think tanks, business enterprises, etc. docking, official strategic signing);
7. Interpretation of International Policies (Understanding Policy Background, Analyzing Policy Content, Judging Implementation Conditions, Evaluating Policy Effectiveness, Predicting Future Trends);
8. Business risk control (safety of fund collection, personal safety, etc.);
9. Financial and legal control (credit guarantee, overseas settlement system, business disputes, etc.);
10. International business services (company establishment and registration, company and personal bank account registration, brand registration, office and warehouse leasing, logistics, customs clearance, tariffs, business negotiations, business document translation, immigration issues, commercial financing, investment and mergers and acquisitions, etc.);
11. Human resource management;
12. Market business development.
In short, the World Cultural Business Card Brand Overseas Plan (Africa Station) has promoted the strategic cooperation between Yican Textile and the Kenyan government, which is a win-win choice for all three parties. Yican Textile will have broader market prospects, and Kenya will also use this cooperation to enhance the overall level of its textile industry. The plan to go global as a world cultural landmark and brand will also help Chinese enterprises successfully go global. The cooperation among the three parties will help promote the development of China Africa economic and trade cooperation to a higher level and contribute to the economic development of both countries.
