The UK-Kenya Economic Partnership Agreement has entered into force.
This is after the signing of the agreement by visiting UK Prime Minister’s Trade Envoy to Kenya Theo Clarke and Trade and Industrialisation Cabinet Secretary Betty Maina.
The two signed and exchanged the instruments of ratification signifying the conclusion of the requisite domestic processes.
“The UK-Kenya Economic Partnership Agreement will guarantee duty-free access Kenya agricultural exports to the United Kingdom market, safeguard jobs and livelihoods, provide more opportunities Kenya and United Kingdom businesses and support economic development,” UK High Commission said.
UK High Commissioner to Kenya Jane Marriott retaliated that the deal will create more opportunities and more jobs for Kenyans and Brits alike.
Kenya’s National Assembly on March 9 considered and approved the motion on the Ratification of the Economic Partnership Agreement between Kenya and the United Kingdom, paving the way for its enforcement after Britain legislators endorsed the trade deal a week earlier.
In its report, the committee observed that the agreement provides for trade defence measures such as safeguards, anti-dumping and countervailing measures to take care of import surges and subsidised imports.
There have been concerns that the post-Brexit trade deal with the UK would open the window for British companies to flood the local market with finished and unfinished goods that exclude agricultural and industrial products at the expiry of a seven-year moratorium.
Kenya small-scale farmers had sued the government seeking to stop it from ratifying the trade agreement until public participation is done.
The controversial trade deal reduces tariffs on imports of products such as chicken pork and maize for a period of 25 years. The farmers say this will hurt them, as their products will have to compete with those from the UK.