Sigh of relief as Europe gives East Africa four months to sign EPA
Kenya's Deputy President William Ruto (left), Tanzania's President John Magufuli (centre) and his Ugandan counterpart Yoweri Museveni (right) during an East African Community extraordinary summit on September 8, 2016 in Dar es Salaam. PHOTO | DPPS
Kenya has received a four-month reprieve to ratify the trade agreement it signed with the European Union in Brussels on August 29, providing a ray of hope for exporters whose shipments to the EU market would have started attracting duty after October 1.
The European parliament extended the deadline to withdraw Kenya’s preferential market access to the EU market to February 2, 2017 after the country signed the Economic Partnership Agreement (EPA), demonstrating its commitment to the trade pact.
