Kenya and the UK have today signed a trade agreement that aims to promote regional trade and boost economic development for the two countries.
The agreement will ensure that all Kenyan exports to the UK will have duty-free access to the UK market. Kenya’s top exports to the UK include tea, coffee, vegetables, fruits, and flowers. The trade agreement is important as it will support Kenyan businesses that export to the UK by giving tariff free access to the highly competitive UK market. The deal will also give UK exporters access to the Kenyan market.
“This trade deal will build on the UK and Kenya’s historic ties and is the perfect springboard to increase our trading in future,” said UK’s Minister for Africa James Duddridge.
UK has signed trade agreements with six African nations as it prepares to leave the European Union. The country says that other East African countries are able to join the trade agreement once they are ready.
In 2019, Kenya’s exports to the UK surpassed 254 million pounds (KSh37.6 billion) while UK’s exports to Kenya amounted to 815 million pounds (KSh120.7 billion).