The National Assembly has approved the Kenya-EU Economic Partnership Agreement (EPA), a trade deal that guarantees traders duty-free (no taxes) and quota-free (unlimited exports) access to the €13 trillion European market. ) conditions.
The Economic Partnership Agreement was signed in Nairobi last December in a ceremony witnessed by President William Ruto and European Commission President Ursula von der Leyen.
The European Parliament has previously ratified the agreement, with more than 366 members approving the trade deal.
The agreement also opens up significant opportunities for EU trade and investment in Kenya.
The European Union is Kenya's second largest trading partner and the most important market for its exports. Total trade between the EU and Kenya reached €3.3 billion in 2022, an increase of 27 percent compared to five years earlier.
EU imports from Kenya amount to €1.2 billion, consisting mainly of vegetables, fruits and flowers.
EU exports to Kenya amount to 2.02 billion euros, mainly represented by mineral and chemical products and machinery.
The trade and investment partners will now begin implementing the agreement.
