Kenya and EU strengthen ties with trade deal.

1 min read
Source: Al Jazeera English
Kenya and EU strengthen ties with trade deal.
Photo: Al Jazeera English
TL;DR Summary

Kenya and the European Union have signed a trade deal that will give Kenya duty-free and quota-free access to the EU, its biggest market. The deal will also provide progressive tariff reductions for imports from the EU to Kenya over a period of 25 years. The agreement is a boost for Brussels as it seeks deeper economic ties with Africa in the face of competition from China. The EU has taken steps to counter China’s Belt and Road programme, announcing in February it would increase investments in Kenya by hundreds of millions of dollars through its own Global Gateway initiative.

Share this article

Reading Insights

Total Reads

0

Unique Readers

9

Time Saved

2 min

vs 3 min read

Condensed

81%

531100 words

Want the full story? Read the original article

Read on Al Jazeera English