The European Union and Kenya have successfully concluded their negotiations on a free trade agreement, marking a significant milestone in their economic relationship. The agreement, which
includes robust sustainability criteria on climate, environmental protection, and labor rights, is considered the most ambitious trade deal with a developing country to date, according to the European Commission.
Building upon a framework agreement previously established with the East African Community, the trade agreement also allows other countries in the region to join in the future. Currently, the EU imports a range of products from Kenya, including vegetables, fruits, and flowers, while Kenya primarily imports minerals, chemicals, and machine parts from Europe. In 2022 alone, the trade between the two amounted to approximately 3.3 billion euros.
Once the free trade agreement comes into force, European markets will be fully open to Kenyan companies, eliminating tariffs and quotas. Similarly, European companies will gradually gain access to the Kenyan market. Certain products deemed "sensitive" may be subject to restrictions by Nairobi, and specific provisions have been established to protect Kenya's agricultural sector, food security, and local industries.
European Trade Commissioner Valdis Dombrovskis, who led the negotiations alongside Kenyan minister Moses Kuria, hailed the agreement as historic and emphasized the potential for closer collaboration and mutual benefits for workers, businesses, and traders in both regions. The focus now shifts to the swift ratification of the agreement by the Council, the EU body representing member states. Once approved, the EU and Kenya can officially sign the agreement, with the European Parliament also having an opportunity to provide its input.
The conclusion of this free trade agreement signifies a significant step toward deeper cooperation between the EU and Kenya, fostering economic growth and strengthening their bilateral ties. Photo by Ninara from Helsinki, Finland, Wikimedia commons.