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

Ini Abimbola warns oversight failures in African corporate boardrooms

Many African boardrooms operate under a carefully managed illusion of oversight, according to governance and institutional reform advisor…

ZB Bank Appoints Arthur Matsaudza as new CEO

The Board of Directors of ZB Bank has announced the appointment of Arthur Matsaudza as the bank’s new…

NCBA opens 100th branch in Kenya at NORD Mall, Ruiru

NCBA has officially unveiled its NORD Branch at The NORD Mall in Ruiru, marking the bank’s 100th branch…

Absa promotes Nivash Sewgobind to Head of Performance Analytics

Nivash Sewgobind has been promoted to Head of Performance Analytics & Business Partnering at Absa Group, marking a…