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
Sahara Power joins global council to fast-track Africa’s energy access
Sahara Power Group has been named to the prestigious Mission 300 Private Sector Council, a high-level platform launched…
ByPwC Survey: Tanzanian CEOs confident on local growth despite global risks
Tanzanian business leaders remain notably optimistic about their domestic economic prospects, even as they adopt a more cautious…
Afreximbank underwrites $2.5bn loan for Dangote Refinery
The African Export-Import Bank (Afreximbank) has taken a leading role in financing Africa’s largest industrial project by underwriting…
Obinna Dike appointed MD of Treasures Microfinance Bank
Obinna Dike, a seasoned banking professional with over two decades of post-graduate experience in commercial banking, microfinance, and…
Gallery
