What Kenya seeks to unlock in UAE pact

Published 2022년 9월 14일

Tridge summary

Kenya and the United Arab Emirates (UAE) are negotiating a new trade deal, the United Arab Emirates-Kenya Comprehensive Economic Partnership Agreement (UAEK-CEPA), to increase non-oil trade between the two countries. The deal is expected to include Kenya's coconuts and potatoes among other agricultural products. The private sector in Kenya is hopeful that the new government will continue with the negotiations, as the UAE is Kenya's second largest source market after China and the relationship has been marked by a trade imbalance in favor of the UAE. The trade pact is expected to align with the East Africa Community trade treaty and the UAE already has free trade agreements with other countries.

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Original content

A new trade deal being negotiated with the United Arab Emirates (UAE) is expected to open the giant market to Kenya's coconuts and potatoes among other agricultural products to boost non-oil trade between the two countries. The two countries in July launched talks on United Arab Emirates-Kenya Comprehensive Economic Partnership Agreement (UAEK-CEPA) to increase the volume of trade in goods and services and investment. The trade pact was an initiative of former President Uhuru Kenya and the private sector is hoping the new government will stay on it. “This is the latest agreement we have and we hope will continue with it under President William Ruto. It is ready for negotiation and have paused it for the transition and Emiratis are eagerly waiting for us to go back to the table," said Johnson Weru, the Trade and Enterprise principal secretary, in a briefing with the private sector. He said this will be a big test for Nairobi because this is the first time the country will be ...

Source: Businessdailyafrica