Concerned about a recent agreement Kenya and the European Union (EU) agreed into, the East African Business Council (EABC) is uneasy.
Kenya will get duty-free and quota-free access for all of its exports to the 27-member EU bloc by adopting the Economic Partnership Agreement (EPA). However, the East African country would also be forced to gradually reduce import taxes on products from Europe.
EABC, meanwhile, worries that Kenya’s decision to liberalize tariffs with the EU might make it more difficult to tax products brought into the area. Adrian Njau, a trade and policy expert with the group located in Arusha, made a suggestion about how the arrangement would skew the tariff structure for imported commodities.
Read the complete story here:https://www.pulse.ng/business/international/see-why-kenyas-new-deal-with-the-european-union-is-making-the-rest-of-east-africa/vg1t197?utm_source=twitter&utm_medium=social&utm_campaign=pulsenigeria247-profile
