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- The EU-Kenya agreement will boost bilateral trade in goods, increase investment flows, and strengthen the ties between these partners.
- It is also expected to facilitate mutually advantageous economic relations sustainably, stimulating job creation and economic growth.
- The EU-Kenya EPA is the most ambitious deal negotiated with an African country in terms of sustainability and can serve as a template for other sustainable trade agreements.
The activation of the EU-Kenya Economic Partnership Agreement (EPA) on July 1st, 2024, marks a historic moment in the growing economic relations between Kenya and the European Union.
According to a statement from Kenya’s Ministry of Investments and Trade as well as the EU, this agreement is poised to greatly transform Kenya’s trade with Europe, opening doors for Kenyan exporters to access duty-free the opportunities set by the $18 trillion bloc.
“The EPA will also create more opportunities for Kenyan businesses and exporters, as it will …