Countries in East Africa are ready to sign on a poorly understood trade agreement with the EU whose overall impact will be disastrous for years to come.
Kenya has embarked on another round of diplomatic talks with her least-developed East African Community peers in a fresh bid to convince them to sign a trade deal with 28-member European Union.
Kenya will continue enjoying duty-free and quota-free access for its goods to the European Union even if neighbouring countries fail to approve the Economic Partnership Agreements (EPAs).
Just a week after the National Assembly unanimously endorsed the Economic Partnership Agreement, the government deposited the same instruments with the EU.
The six African countries threatened with losing access to the European single market have finally agreed to sign the EU’s Economic Partnership Agreements (EPAs). But the continent’s regional integration may suffer as a result. EurActiv France reports.
Parliament unanimously endorsed Economic Partnership Agreement (EPA), sending yet another strong signal of Kenya’s resolve to conclude the decade-old negotiations with Europe.
Kenya’s umbrella body of trade unions has criticised the Government for its persistent stand on the Economic Partnership Agreement (EPA) with the European Union.
Divisions in the EAC over the EU EPA highlights problems in the bloc and competing developmental strategies; if the EAC cannot act as one, can it survive?
Kenya will have to lobby for its own duty-free market access to Europe to shield its exports to the European Union from taxes.
Nigeria is to establish a free trade zone with Kenya, South Africa and Egypt. The four countries have already worked out modalities for establishing the zone.
Kenya teamed up with Rwanda to sign a free trade pact with European Union in Brussels today in a move calculated to cajole other East African Community states to beat the September 30 deadline.
The EPA issue has once again re-emerged when Tanzania informed EAC Members and the EU that it would not be able to sign the Economic Partnership Agreement (EPA) between EU and the six EAC Member States.
Preserving and consolidating the East African Community market should be of priority to all the EAC partner states — not prematurely signing the EU’s free trade agreement.
Kenya finds itself isolated after its peers in East Africa develop cold feet on a trade deal with the European Union.
East African countries have been asked to reject the impending trade deal with the European Union.
The EU plans to raise the pressure on six African countries to implement controversial free trade agreements by putting an end to their preferential access to the EU market.
The full implementation of EPA, may shift consumption away from local products, to EU goods.
Trade within East Africa Trade will receive a boost this year with the implementation of the cargo pre-clearance system at the port of Mombasa by the Kenya Revenue Authority.
Kenya has been granted a one-year extension of sugar import limits from the regional trade bloc Common Market for Eastern and Southern Africa (COMESA) to revamp its ailing sugar industry.
Ahead of a meeting between Indian Prime Minister Modi and German Chancellor Merkel this week, European manufacturers had already protested India’s patents policy, arguing that it doesn’t protect sensitive technology.