Kenya Revenue Authority has announced collecting Kes 18.7 billion this year from trade engagements between Kenya and Japan.

Kenya exported goods worth Kes 4.84 billion to Japan, while the imports from the Asian country stood at Kes 46.1 billion.

According to KRA Commissioner General Humphrey Wattanga, Japan is one of the critical KRA partners, especially in trade facilitation and border control.

“Besides revenue collection, KRA is mandated to facilitate trade and implement policies aimed at creating a favourable environment for investors in the country.”

“We will continue working with relevant Government agencies to attract Japanese investors in the country,” he said.

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The Japanese government has provided KRA staff with capacity building in trade facilitation and border control through its Japan International Cooperation Agency (JICA).

It has also installed border surveillance and control equipment, donated patrol boats, patrol vehicles and baggage scanners, among other things.

Okaniwa Ken, the Japanese ambassador to Kenya, continued by saying that one approach to creating a favorable environment for investors to do business in is to establish sound tax laws.

According to him, there are about 144 Japanese businesses doing business in Kenya, and many more are eager to make investments there.