Kenya Signs First Ever Economic Partnership Deal with UK
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Loading... - Junior Mahamat
- 23 Mar 2023
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The partnership deal saw the UK become the first country outside Africa to enter a trade agreement with Kenya. The UK-Kenya Economic Partnership Agreement (EPA), which came into force in March 2021, ensures that all companies operating in Kenya, including British businesses, can continue to benefit from duty-free access to the UK market.
This saves exporters over KSh 1.5 billion (£10 million) every year in duties on products such as green beans and cut flowers. The deal aimed to secure jobs, increase economic growth, and support Kenya's agricultural development and manufacturing. UK-Kenya trade volume It is also expected to increase the trade volume between the two countries, which currently stands at KSh 167 billion (£1.1 billion) per annum. Read More
