Kenya-EU Trade Deal A Balancing Act for Regional Relationships
Kenya-EU Trade Deal: A Balancing Act for Regional Relationships
The Economic Partnership Agreement (EPA) between Kenya and the European Union (EU), signed in June 2023, has sent ripples of excitement and concern throughout East Africa. While the deal promises duty-free access for over 80% of Kenyan exports to the EU, it also raises questions about how Kenya can manage its relationships with its East African Community (EAC) partners in the face of this new agreement.
For Kenya, the EPA presents several potential benefits:
Increased market access: Kenyan exporters will gain preferential access to the massive EU market, potentially boosting exports and creating jobs.
Foreign investment: The deal could attract more foreign investment to Kenya, leading to further economic growth and...