President Uhuru Kenyatta (L) and European Council president Charles MichelThe European Union (EU) is looking to revive the stalled multilateral trade talks between the 28-member economic bloc and the East African Community (EAC). This comes in the wake of renewed investor interest in Kenya, with the United Kingdom and the US, keen to establish a trade deal to serve as a gateway to the region. The European Council president Charles Michel on Tuesday met President Uhuru Kenyatta at State House Nairobi, where he expressed the EU’s willingness to conclude trade talks that are in progress between the two regions. The EU’s latest drive comes in the wake of negotiations between Kenya and the UK to establish a new bilateral trade agreement. The deal, largely borrowed from the EAC/EU-EPAs, includes provisions to allow other EAC Member States to join in at a later stage.

Source: Standard Digital March 10, 2021 07:18 UTC