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Thursday, 12 April 2012

Kenya: second thoughts on EPA negotiations?

Following the recent discovery of oil in Turkana, in northwest Kenya, the country seems more willing to position itself closer to its East African neighbours regarding the conclusion of a trade pact with Europe, which has spurred great discussion. Under the revised EPAs text, taxes on the majority of primary commodities, like crude oil, and are expected to be removed.
According to recent reports by Business Daily Africa, the prospect for Kenya to become an oil producer could lead to future changes in the country´s exports. Furthermore, the African daily also stresses the possibility “that Energy ministry officials may be co-opted in the remaining rounds of EPAs negotiations”.
Kenyan officials from the Energy Ministry have stressed their intention to reach “a fair deal” with the EU. In the words of one official, “ [i]t’s just a matter of time before [Kenyan] representatives are asked to join the government side in EPAs negotiations because it is only the experts from [the] ministry that can help the country to secure a fair deal.”

Source: Business daily Africa