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East Africa: MEPs Back Deadline Extension of EPA Trade Deal With EAC

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Tuesday, 26 July 2016

East Africa: MEPs Back Deadline Extension of EPA Trade Deal With EAC

Members of the European Parliament are rooting for the extension the October deadline to sign the comprehensive Economic Partnership Agreement (EPA) between East African Community (EAC) and the EU. The MPs said the move is meant to salvage Kenya after Tanzania and Burundi stood in the way to the realisation of the deal set to give relief from heavy taxes for the country's exports to the EU.Tanzania has refused to sign the agreement while Burundi is at the verge of being sanctioned by the European Union following political instability in the country. EU chair of a joint delegation of Trade and Development Committee Bernd Lange attending the 14th United Nations Conference on Trade and Development in Nairobi said Kenya would be the biggest casualty should the two scenarios persist and the EPA is not signed hence the need to save the situation"Our first proposal is to have the October 1st deadline extended to allow for more time and see whether Tanzania will agree to sign or if Burundi will improve her democratic situation and evade sanction from the European Union.

Source: allafrica.com