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East Africa: Sigh of Relief as Europe Gives Region Four Months to Sign EPA

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Tuesday, 13 September 2016

East Africa: Sigh of Relief as Europe Gives Region Four Months to Sign EPA

Kenya has received a four-month reprieve to ratify the trade agreement it signed with the European Union in Brussels on August 29, providing a ray of hope for exporters whose shipments to the EU market would have started attracting duty after October 1. The European parliament extended the deadline to withdraw Kenya's preferential market access to the EU market to February 2, 2017 after the country signed the Economic Partnership Agreement (EPA), demonstrating its commitment to the trade pact. "We remain committed to the Economic Partnership Agreement reached with the East African Community, which we still expect can be signed and applied by all concerned countries. The signature process is ongoing with the region desirous to move ahead in unison. Meanwhile the free market access of Kenya, which has signed the EPA, is extended beyond 1 October until the beginning of January 2017," said Stefano A Dejak, European Union Ambassador to Kenya.

Source: allafrica.com

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