馃挜 Rusak Trade Compliance News reports:
鈻讹笍 On June 19, Kenya and the EU concluded negotiations on an Economic Partnership Agreement.
鈻讹笍 The Interim Economic Partnership Agreement (IEPA) will grant Kenya duty-free and quota-free access to the EU market for its entire export, including coffee, flowers, and minerals.
鈻讹笍 Kenya will gradually open its market to increased imports from the EU and has also agreed to binding commitments regarding environment, climate, and labor rights.
鈻讹笍 The negotiations for the agreement lasted for seven months, making it one of the fastest economic agreements ever reached by the EU.
鈻讹笍 Kenya is also engaged in talks with the USA to build stronger trade ties. The EU and USA have agreed on a joint plan to modernize the country’s telecommunications infrastructure.
鈻讹笍 Kenya, the seventh-largest economy in Africa, is a major exporter of tea, coffee, flowers, fruits, and vegetables. The EU accounts for 21% of its total exports.
馃憠 The agreement awaits ratification.
Link to the agreement
