Kenya and European Union sign a 'win-win' trade agreement

On Monday, Kenya and the European Union (EU) signed a long-negotiated trade agreement to increase the flow of goods between the two markets. Kenya and EU sings trade agreement ceremony attended by European Commission chief Ursula von der Leyen in Nairobi.

The Economic Partnership Agreement will give Kenya duty-free and quota-free access to the EU, its biggest export market, while European goods will receive progressive tariff reductions. The agreement is the first broad trade deal between the EU and an African nation since 2016. Both the Kenyan and the European parliaments must ratify the deal before it comes into force.