The Government of Kenya has signed a post-Brexit bilateral trade agreement with the UK.
Interior Cabinet Secretary Fred Matiangi and Trade Cabinet Secretary Betty Maina led Kenya and the United Kingdom in signing the post-Brexit bilateral trade deal after triumphant negotiations authorized by H.E President Kenyatta UK Prime Minister Boris Johnson early this year.
The joint venture opens privileged access for Kenya’s agricultural products into the United Kingdom’s market and its territories.
“The agreement will provide continuity for businesses, investors and supply chains besides setting foundations for further economic development,” Trade Cabinet Secretary Betty Maina said.
Jane Marriott, the British High Commissioner to Kenya, said the deal will lay “the foundations to expand our trade in future.”
“Whether it is in tea, horticulture, pharmaceuticals, or vehicles, trade between our countries continues to grow,” she said in a statement.
“It’s fantastic we’ve been able to complete negotiations so quickly and we look forward to working with the Government of Kenya to build on this in the years ahead.”
The United Kingdom quit the European Union (EU) on January 31st , famously known as the Brexit, but is yet to agree on trade stipulations. The exit has a transition of 11 months which started immediately after Brexit day.
During transition the UK still follows European Union’s rules and trade between the two is the same as before. The UK also continues to pay into the EU budget.
Kenya and UK have business ties worth about Ksh200 billion and Kenya often exported fresh produce under duty free and quota free arrangements with London.