Reprieve for exporters as State, European Union agree on EPAs

NAIROBI, KENYA: Government on Tuesday said it has finalised negotiations for Economic Partnership Agreements with the European Union.

The conclusion of the negotiations will enable Kenya enjoy duty free or quarter free access to the European market.

“Ministry of Foreign Affairs and International trade is pleased to announce that negotiations for Economic Partnership Agreements (EPAs) with the European Union were today finalised and signed in Brussels, Belgium,” said a statement from the Ministry.

However Kenya will have to wait for 3 months to enjoy the benefits of the deal.

The three areas that remained outstanding namely: export taxes, export subsidies and relationship between Cotonou agreement and EPAs were all agreed upon in favour of Kenya.

The negotiation team comprised of Ministry of Foreign Affairs and International trade officials led by Principal Secretary Karanja Kibicho.