The EU-Kenya Economic Partnership Agreement (EPA) has officially taken effect, in a major boost to the EU-Kenya trade.
The agreement aims to enhance bilateral trade in goods, boost investment flows, strengthen ties between the two partners, and foster mutually beneficial economic relations sustainably, promoting job creation and economic growth.
It includes binding provisions on labor issues, gender equality, environmental protection, and the fight against climate change. The agreement is expected to unlock new economic opportunities, with the EU being Kenya's largest export destination and second-largest trading partner.The EPA is set to create more opportunities for Kenyan businesses and exporters by fully opening the EU market to Kenyan products and encouraging EU investment in Kenya through increased legal certainty and stability.
It aims to implement the provisions of the EU-East African Community EPA and remains open to other EAC countries.
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