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

Nigeria: Leadway partners Octamile  to launch “PayCover” for motor insurance

Leadway Assurance has teamed up with Octamile to introduce the “PayCover” solution, enabling customers to divide their motor…

Ghana: Access Bank Collaborates Ghana Education Service for ‘A Sandal More’

In a gesture of collaboration and commitment to improving the lives of pupils across Ghana, Access Bank has…

Sanlam Acquires 60% Stake in MultiChoice’s Insurance Business

Sanlam Limited (Sanlam) and MultiChoice Group Limited (MultiChoice) has announced that they have entered into an agreement for…

Safaricom Partner with Pezesha to Launch New Loan Product loans for small businesses in Kenya

Safaricom, Kenya’s top mobile network, has partnered with Pezesha, a digital lender, to introduce Mkopo wa Pochi, a…