10/11/2020 | Kenya

UK signs trade deal with Kenya

In less than 2 years, the British government has signed or accepted trade agreements with 52 countries. The UK-Kenya Free Trade Agreement will ensure duty-free access to both markets.
 
 
 
This agreement between the United Kingdom and Kenya is a translation of terms previously agreed between the European Union and EAC (East African Community), the community of countries in East Africa.
 
 
 
The UK is already Kenya’s 5th largest export destination. The UK market accounts for 43% of Kenya's total vegetable exports, valued at around £ 79 million ($103.9 million). The other top UK imports from Kenya in 2019 were coffee, tea and spices.
 
 
 
The deal will ensure that all businesses operating in Kenya, including UK companies, can continue to enjoy duty-free access when exporting products, including vegetables and flowers, to their customers in the UK. It also guarantees continued market access for UK exporters.
 
 
 
This agreement with Kenya is also open to membership from other EAC member countries (Burundi, Rwanda, South Sudan, Tanzania, Uganda).

 

source : gov.uk/business industry/trade, the-star.co.ke

 

 

 

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