Announcements

Job offersmore »

Tweeting Growers

Last commentsmore »

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




Kenya rejects China-EAC trade pact

Kenya will not sign a free trade agreement that China has been negotiating with the East African Community (EAC) partner States since 2016, Trade principal secretary Chris Kiptoo has said.

Mr Kiptoo Monday said the decision, which could trigger diplomatic unease between Nairobi and Beijing, is intended to protect Kenya’s nascent manufacturing sector from being over-run by China’s cheaper and more efficient producers.   

The current trade balance is skewed heavily in favour of China, and the proposed comprehensive free trade agreement (FTA) would see Chinese goods access the EAC market at more favourable tariffs.

“China already accounts for 25 per cent of Kenya’s import bill under the current common external tariff structure of zero per cent, 10 per cent and 25 per cent for raw materials, intermediate goods and final goods respectively. “This means that China is likely to get even a larger share of Kenya’s market once we enter into a free trade arrangement,” said Mr Kiptoo.

Read more at Business Daily (Bonface Otieno)

Publication date: 5/16/2018

 


 

Other news in this sector:

8/20/2018 China: "Supplying for Valentine's Day results in year-round demand"
8/20/2018 UK: HTA issues update on water situation
8/20/2018 Oregon’s nursery industry grows to new heights
8/20/2018 Zimbabwe targets $200 million in flower exports
8/20/2018 US: Fred C. Gloeckner Foundation awarded 14 grants totaling $137,000
8/20/2018 "EU-Africa free trade will create more imbalances"
8/17/2018 "Mismatch between expectations and reality is causing unrest"
8/17/2018 All InSeason introduced preserved roses into New Zealand
8/17/2018 Hot summer pushes Dutch flower exports down 6%
8/16/2018 CAN (BC): Provincial state of emergency declared
8/16/2018 "Russians follow Western trend toward smaller chrysanthemums”
8/15/2018 Europe: A Campanula season with ups and downs
8/15/2018 Indonesia: Agriculture ministry promotes jasmine exports
8/14/2018 Upcoming European prohibition on imported ficus?
8/14/2018 FTD sees lower flower sales in U.S.
8/13/2018 "Promote partnerships, trade and investment for Kenya"
8/13/2018 New Minister of Agriculture and Rural Development in Colombia
8/13/2018 Turkey: Lira collapse means decline in floral imports
8/10/2018 Follow the flowers all around the world
8/10/2018 NL: Transport sector has favorable tide

 

Leave a comment: (max. 500 characters)

  1. All comments which are not related to the article contents will be removed.
  2. All comments with non-related commercial content, will be removed.
  3. All comments with offensive language, will be removed.




  Display email address

  new code