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
African Risk Capacity confirms David Maslo as new CEO
African Risk Capacity Limited (ARC Ltd.), Africa’s first development-focused parametric insurer, has appointed David Maslo as its new…
By
Moniepoint Strengthens Banking Ambitions in Kenya with New CEO
Nigerian fintech unicorn Moniepoint Inc. has appointed former Branch Kenya Chief Executive Officer, Rose Muturi, as its Chief…
Interswitch Strengthens Kenya Fintech Business with New Managing Director
Interswitch has appointed Geoffrey Njuguna as the new Managing Director for its Kenya operations, reinforcing the company’s leadership as it accelerates…
Dangote Expands Refining Capacity with New Kenya Project
Dangote Industries’ proposed KSh2.2 trillion East African oil refinery has taken another major step toward implementation after the Kenyan government…
Gallery
