Kenya secures exports with EU trade deal, opens door for East Africa.

1 min read
Source: Reuters
Kenya secures exports with EU trade deal, opens door for East Africa.
Photo: Reuters
TL;DR Summary

Kenya signed an Economic Partnership Agreement with the European Union that will guarantee duty-free access for its farm produce into its biggest export market. The deal took seven months to negotiate and will see tariffs reduced over a 25-year period for European goods entering Kenya. Kenya is a major exporter of tea, coffee, flowers, fruits, and vegetables, and the EU accounts for 21% of its overall exports. The deal now moves to the parliaments of both sides for ratification.

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