EAC ministers lobby for ‘softer landing’ for Kenyan exports to European Union
Saturday September 27 2014
Hopes for preferential treatment begin to fade as deadline for trade agreement between East African Community and the European Union lapses. GRAPHIC | ANTHONY SITTI | NATION MEDIA GROUP
EAC hopes to convince the EU to prepare a legal instrument to enable a smooth transition of Kenya’s exports from the duty-free regime of the Market Access Regulation (MAR) to the Generalised System of Preferences (GSP) regime.
Although Kenya’s exports to the EU will no longer enjoy duty-free, quota-free access to the EU market until the EPA is ratified by the two trade blocs, products under the EU-GSP tariff are subjected to lower taxation than those under the normal EU tariff.
The EPAs are trade and development agreements negotiated between EU and African, Caribbean and Pacific regions, aimed at strengthening integration.