"Kenya big casualty of Brexit"
Coming at a time when Kenya is pushing through a new trade deal on flowers with the 27-member common market, the win by the Brexit team, or ‘Britain exit’ might hurt the country. “Our trade with the UK is quite high under the EU agreement. Although there are bilateral relationships between UK and Kenya, there are some which are purely EU,” says Dr Odhiambo.
Such agreements include anytime Kenya has an Economic Partnership Agreements (EPAs) such as the African Caribbean and Pacific Group of States Agreement (ACP). These will be affected immediately, and Kenya will be forced to re-negotiate.
According to the Kenya Flower Council (KFC) CEO Jane Ngige, Kenya might be forced to renegotiate new trade agreements with Britain following its exit from the union.
Dr Odhiambo notes that, according to the rule of origin, most of Kenya’s horticulture gets into the European market via either Amsterdam or the UK first. In most cases, the flowers from the UK would not be taxed by the other countries, but now, Kenyan horticulture might attract high levies in the other EU countries, according to Dr Odhiambo who added that bilateral aid might also be affected.
Read more at Standard Digital News
