The East African Community is trading “free” with the European Union — without a binding agreement — following the expiry of an interim arrangement and the failure by teams negotiating from both parties to settle on a comprehensive Economic Partnership Agreement.
There is need to address the prevailing trade imbalance between Kenya and South Africa in order to enhance trade relations between the two countries Trade Permanent Secretary Dr (Eng) Cyrus Njiru has said.
Kenya last week signed a new bilateral agreement with India, geared towards advancing trade, investment and technical cooperation.
Kenya is gunning for a fast-track programme that will enable it sign a comprehensive economic partnership agreement with the European Union by July next year despite opposition from civil society groups.
Developing countries negotiating with the European Union for an economic partnership agreement (EPA) or a free trade agreement should apply for "GSP-Plus" status with the EU, Kenya Civil Society activists say.
The pact signed on Wednesday could hasten the proposed African Economic Community but may come too soon, especially for Kenyan manufacturers.
The Minister for East African Community, Amason Jeffah Kingi, is scheduled to lead the Kenyan delegation to the 18th meeting of the East African Community (EAC) Council of Ministers Meeting slated for October 15-23, 2008 in Kampala, Uganda.
Tea used to be Kenya’s major cash crop earner but ever since the world’s largest consumer of tea, Pakistan, entered into a free trade agreement with seven of its Asian neighbours, the local tea industry has been haemorrhaging.
Government officials are reviewing the new sugar import licensing rules drafted by Agriculture ministry to ensure conformity with Comesa regulations.
Transnational corporations could be granted unfettered access to Kenya’s banking and telecommunications sectors if trade talks taking place in Antananarivo, Madagascar, favour Europe.
Border barriers remain the biggest challenge to the realization of cross-border trading within the East Africa Community, EAC.
A tactical manoeuvre by Pakistan into bilateral free trade arrangements with several Asian neighbours is threatening to throw its multi-billion shilling-a-year-tea trade with Kenya into a spin.
Kenya signed an interim trade pact with the European Union in mid November to save its domestic and foreign investors who would have preferred to relocate to lowly ranked neighbouring states in the region, a senior official has disclosed.
Sugar sector players have finally agreed on a raft of radical proposals aimed at boosting the competitiveness of the ailing industry ahead of full liberalisation in 2012.
East Africa’s signing of an interim trade pact with Europe has come under heavy criticism for dividing Africa as well as undermining the continent’s integration efforts. Interview with the Common Market for Eastern and Southern Africa (Comesa) Secretary-General Erastus Mwencha.
Civil Society Organizations now say that the East and Southern African negotiators and civil servants who attended the Economic Partnership Agreements meeting in Brussels, Belgium were bullied into a midnight deal with the European Union.
Kenya has been exempted from signing the Economic Partnership Agreement for another year. Economic analysts say the deal is good for Kenya in the short term but could become oppressive in the future.
The European Union reacted sharply to Trade minister Mukhisa Kituyi’s Tuesday revelation that Kenya will no longer pursue an interim trade pact with Europe but a comprehensive agreement ahead of the expiry of the one on December 31.
We should not be surprised at the Kenyan state’s almost complete lack of understanding of the concerns raised in a suit filed last week by the Kenya Small Scale Farmers Forum, with the support of the Kenya Human Rights Commission, to block any trade agreement between Kenya and the EU.