EU Parliament approves Kenya-EU Economic Partnership Agreement

 EU Parliament approves Kenya-EU Economic Partnership Agreement

The European Parliament has today voted to approve the Kenya-EU Economic Partnership Agreement, whose signing was witnessed by President William Ruto and EU Commission President Ursula von der Leyen in Nairobi, December 18th 2023.

According to StateHouse Spokesperson, Hussein Mohamed, 366 Members of the European Parliament voted in favor today, approving the deal for Kenya in a massive €14 trillion, 27-country market.

The EPA will ensure that farmers, processors, and traders enjoy permanent duty-free and quota-free access for Kenyan exports - flowers, tea, coffee, fish, veggies, fruits, nuts, and more.

Hussein added that the approval of the partnership agreement opens significant opportunities for the EU in trade and investment in Kenya, spurring job creation in manufacturing chemicals, steel, pharmaceuticals, machinery, and related sectors, ultimately positioning Kenya as a hub for European investors eyeing East African Community (EAC), Common Market for Eastern and Southern Africa (COMESA) and African Continental Free Trade Area (AfCFTA).

Read more about the news on this European Parliament Post

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