Image

EU approves Kenya’s duty-free access deal

The European Commission has granted approval for Kenya’s Economic Partnership Agreement (EPA) with the European Union, bringing the country closer to gaining duty-free access to the extensive European market for its goods.

The European Commission, responsible for negotiating trade deals on behalf of the European Union (EU), has announced its approval of the EU-Kenya EPA and forwarded it to the European Council.

The deal now awaits approval from the Council and the European Parliament, with just these two remaining steps before it becomes effective.

“The EU-Kenya Economic Partnership Agreement (EPA) has today taken a step towards approval, with the Commission sending to the Council proposals for its signature and conclusion,” said the Commission  

Upon signing, this deal will greatly benefit Kenya by granting its exports duty-free and quota-free access to the EU, which is Kenya’s second-largest trading partner and its most significant export market.

Related Posts

Stanbic Bank PMI: Uganda’s private sector improves since February

Ugandan businesses maintained strong growth in August, marking the seventh straight month of private sector expansion, according to…

Milu Kipimo leads Bolt Business South Africa

Bolt Business has named Tanzanian executive Milu Kipimo as its new country manager for South Africa, a move…

Kohl’s shares surge 20% on Q2 earnings beat

Kohl’s shares soared over 20% after the retailer reported second-quarter earnings and revenue that exceeded Wall Street’s forecasts,…

Shell to start new drilling in Namibia’s Orange Basin in 2026

Shell is set to launch a new exploration drilling campaign in Namibia’s Orange Basin in 2026, targeting commercial…