Trade Liberation & The Kenyan Economy-WITS-SMART Simulation Approach

Trade liberalisation and the Kenyan Economy is analysis of the effects of International Trade Tariff on Trade Creation, Trade diversion, Revenue, welfare, exports and Imports on Kenya. It mainly examines these comparative effects with special reference to the free trade agreements between Kenya and the World Trade Organisation (WTO), The Common Markets for Eastern and Southern Africa(COMESA), the European Union Economic Partnership Agreement(EPA) and Bilateral Free Trade Agreement (BFTA's).The analysis of trade effects is carried out using he World Trade Integrated solutions and the Partial Equilibrium Model. These data elements were accessible, as they are built into the WITS supported by the COMTRADE, TRAINs, IDB and CTs databases. These are real import figures reported by countries (in US$) at customs points at different product levels. In periods when the Kenya Bureau of Statistics failed to submit trade data, mirrored data were used. In light with the findings,this study gives meaningful recommendation on the possible measures aimed at boosting trade revenues, exports and improving the Balance of payments conditions.