BY ET CORRESPONDENT
The Kenya Revenue Authority (KRA) has partnered with the London School of Economics and Political Science (LSE) to offer an executive programme in economic diplomacy.
The London School of Economics is one of the top institutions globally in Economics, Fiscal Policy and related areas like Economic Diplomacy. The programme is run by Kenya School of Revenue Administration (KESRA), KRA’s premier institution which specialises in training on tax and customs administration.
The executive programme which kicked off in August, at a Naivasha hotel is a post-graduate-level programme tailored for experts, professionals and bureaucrats who engage in international negotiations of treaties, agreements and other instruments of diplomacy.
The programme will equip more than 25 participants with requisite knowledge and skills in economic diplomacy. The participants are drawn from key government agencies that represent Kenya on the negotiating table during trade and treaty negotiations. Amongst the participants are officials from KRA, the office of the Attorney General, Ministry of Foreign Affairs, Ministry of East African Community and the Ministry of Trade, Industrialisation and Cooperatives.
KRA says the success of the programme will subsequently place Kenya on a better vantage position in negotiating international trade treaties as well as other international negotiations.
The programme further aims at giving Kenya a better bargaining power in diplomatic negotiations. With qualified and well trained negotiators, the chances of a country’s way of being heard when lobbying internationally are very high and this gives a nation like Kenya or any other represented nation value globally.
Among the topics to be covered during the training include analytical tools for economic diplomats, the practice of economic diplomacy with a key focus on actors and process, understanding a negotiating partner, and multilevel (or multi-fora) economic diplomacy.
Over the years, economic diplomacy has become an invincible pillar which supports the economy of many nations across the globe. The economy of world super powers such as the US, Japan and China is founded on economic diplomacy.