Kenyan-based TradeMark East Africa and the UK-based Institute of Export and International Trade signed a memorandum of understanding providing a framework for collaboration in the implementation of a digital trade corridor between the UK and Kenya.
Korean companies will archive market access through regional integration in Africa and East African region if Kenya is made base, according to Betty Maina, Kenya’s cabinet secretary for industrialization, trade and enterprise development.
Indian companies are flourishing well in overseas. The African Continental Free Trade Area (AfCFTA) provides a window to the Indian companies to tap a unified African market.
Kenya has the green light to pursue the Economic Partnership Agreement (EPA) with Europe after the regional business bloc recalled its previous position that restricted East African Community member states from endorsing the deal.
While the Kenya-UK EPA consistently makes reference to the EAC and even purports that its is signed on behalf of Kenya and the EAC, it fails terribly when examined against the above requirements of mutual cooperation.
A communique released after the meeting with EU chiefs indicated Kenya will be allowed to move forward with implementing the agreement, even after EAC member states hold reservations.
President Uhuru Kenyatta was on Monday afternoon received by King Philippe at the Royal Palace in Brussels at the start of his two-day official visit to the Kingdom of Belgium and the European Union.
Congolese businessmen hope that the trade, transport and security deals signed between Kenya and the DRC will lead to increased business for them at the Port of Mombasa.
MPs drawn from the sugar belt region now want Parliament to summon Trade CS Betty Maina over what they term a ’secret’ sugar importation deal with Uganda. They said the importation will kill the local industry.
President Biden’s administration is “looking forward to continue the ongoing discussions with regard to our FTA,” Blinken said Tuesday in a virtual meeting with Kenyan President Uhuru Kenyatta.
The Kenyan government has hired a US lobbying and public relations firm as it pushes to conclude trade agreement with Washington. Rational 360’s partners and senior employees consist of veterans of Presidents Clinton and Obama administrations.
A FTA with the USA will be lopsided and threaten cottage industries in the country as well as informal jobs, which will negatively impact the lives of millions of working class Kenyans. Our markets will be swamped into oblivion by highly subsidized American goods.
The governments of Kenya and Pakistan are in high-level discussion to review the bilateral trade agreement of 1983 to harmonise business levels between the two states.
The story of Econews Africa’s engagement with Kenyan parliamentarians and their advocacy efforts through media sensitisation and public interest litigation around the Kenya-UK EPA.
Kenya agriculture sector umbrella body, The Agriculture Sector Network, ASNET, has lauded the recently ratified Economic Partnership Agreement between Kenya and UK saying it will go a long way in boosting economic development and job creation.
The Biden administration will review bilateral trade negotiations and targets that ex-President Donald Trump regime made with Kenya last year over a potential free trading deal. The start of the trade talks could be delayed.
The EPA was approved for ratification by the Houses of Parliament in Kenya and the UK earlier this month.
Kenya has set its sights on fresh talks with the United Kingdom on free trade in services such as money transfers after the pact ensuring continuity in tax- and quota-free trade in goods was enforced yesterday.
About 82.6% of goods and services originating from the UK will benefit from preferential access to the Kenyan market. KAM says the country must improve her manufacturing competitiveness ahead of the trade liberalization.
Kenya Flower Council (KFC) has expressed its support for the immediate approval of the Kenya-UK trade deal signed on December 8 2020.