Kenya’s private sector has opened fresh talks with Tanzania in a fresh bid to convince the least-developed East African Community peer to sign the stalled trade deal with 28-member European Union. The Kenya Private Sector Alliance has entered into a partnership with the Tanzania Private Sector Foundation to discuss regional and international trade, among key issues being the Economic Partnership Agreement between the region and the European Union. Tanzania is perceived to be the stumbling block in the deal which gives the region quota-free and duty-free market access to the EU. Kepsa however believes that private sector intervention in all EAC member states will lead to the conclusion of the deal. Tanzania is riding on its LDC status to access the EU market under the Everything But Arms initiative.

Source: The Star April 25, 2017 22:07 UTC