Adan Mohamed, Cabinet Secretary Industrialisation. PHOTO/ANTHONY OMUYA (NAIROBI) Parliament unanimously endorsed Economic Partnership Agreement (EPA), sending yet another strong signal of Kenya’s resolve to conclude the decade-old negotiations with Europe. A copy of the EPA that MPs ratified Tuesday will be submitted to the European Union as proof of Kenya’s commitment to boost free trade with the 27-member bloc. “The minister will have 10 days to notify the EU council of the ratified agreement to save our exports from duties once we hit the October deadline,” National Assembly Majority Leader Aden Duale said. The East African Community (EAC) states have negotiated EPAs in the last 10 years without conclusion. On September 1, Kenya teamed up with Rwanda to sign the pact that MPs ratified Tuesday. The move by Kenyan Industrialisation Secretary Adan Mohamed and Rwandan Trade counterpart Francis Kanimba took the EAC by surprise. The regional bloc’s presidents who met in Dar es Salaam a few days ago asked for up to January to review the EPA’s legal text. On Tuesday, Mr Mohamed hailed Parliament for ratifying the agreement saying that Kenya’s interests are were now safeguarded. He said Kenya could not risk its EU markets and face a Sh10 billion-a-year tax on exports. “This is the best deal for Kenya because if we failed to sign we would have been subjected to other conditions which the rest of our neighbours are not subject to. We had to do it before October 1 to enjoy access to the European markets,”...
House okays EU trade pact ahead of deadline
Posted on: September 21, 2016
Posted on: September 21, 2016