Kenya-EU Economic Partnership Agreement: A Milestone in Bilateral Trade
In a landmark move, Kenya and the European Union inked a historic trade deal aimed at fostering economic collaboration between the two regions. The Economic Partnership Agreement, signed in Nairobi, signifies a strategic effort by Brussels to strengthen ties with African nations. Boost for Kenyan Exports: Duty-Free Access to EU Markets The agreement grants Kenya duty-free and quota-free access to the EU, its largest export market. Simultaneously, European goods will experience progressive tariff reductions, enhancing trade relations and market accessibility. A Pioneering Pact: EU's First Comprehensive Trade Deal with Africa Since 2016 This marks the EU's first extensive trade agreement with an African nation since 2016. The development follows significant investments by China in Africa, particularly in expansive infrastructure projects. Inaugurating a Transformative Partnership During the ceremony attended by European Commission Chief Ursula von der Leyen, Kenyan President Wi...