Kenya : Kenya may lose Sh4b monthly if EU trade deal is not signed - News Summed Up

Kenya : Kenya may lose Sh4b monthly if EU trade deal is not signed


The agreement gives the region’s products duty-free export access to European markets. Updated Tue, June 14th 2016 at 10:09 GMT +3The horticulture sector stands to lose about Sh4 billion monthly if a key trade deal with the European Union is not signed by October 1. Regional countries that make up the East African Community (EAC) are supposed to sign the Economic Partnership Agreement (EPA) jointly. The signing of the EPA pact would play significantly in enabling Kenya compete more ably with her regional peers. Kenya, therefore, stands to lose the most if export subsidies are withdrawn.


Source: Standard Digital June 14, 2016 07:07 UTC



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