Just a week after the National Assembly unanimously endorsed the Economic Partnership Agreement, the government on Wednesday evening deposited the same instruments with the EU. The agreement paves way for the implementation the East African Community-European Union Economic Partnership Agreement. Read: Civil society raises concerns over EAC-EU trade dealThe ratification now means Kenya will continue to benefit from EC Market Access Regulation No 1528/2007, which governs the EU preferential market access regime for African, Caribbean and Pacific countries that have negotiated Economic Partnership Agreements with the EU. It guarantees that the EU will not apply export subsidies on products destined for the EAC market. The rest of the members have alternative access to EU market as they are classified as least developed countries that have duty- and quota-free access under EU’s Everything But Arms initiative.

Source: The Star September 28, 2016 19:30 UTC