The United Kingdom has hosted the first-ever UK-Kenya Economic Partnership Council Meeting, led by the UK Minister for State, Nigel Huddleston, and the Kenyan Cabinet Secretary for Investments, Trade and Industry, Moses Kuria
The UK-Kenya bilateral trade is already worth UK£1.1bn (approx. US$1.3bn) per annum and reportedly has capacity for significant growth.
UK Business and Trade Secretary, Kemi Badenoch, commented, “The UK trade agreement with Kenya creates opportunities for our people and businesses to work together and trade together, helping to grow our economies and create new jobs. Our discussions in London will ensure we continue to deepen investment and grow mutual prosperity across our nations.”
The Economic Partnership Council meets once every two years as part of the UK-Kenya Economic Partnership Agreement (EPA), which came into force in March 2021.
The agreement ensures that all companies operating in Kenya, including British businesses, can continue to benefit from duty-free access to the UK market – saving exporters every year in duties on products such as green beans and cut flowers.
Both parties agreed to accelerate work to remove barriers affecting bilateral trade and investment, working with respective public and private sectors, and discussed the good progress made on green investment deals which UK Prime Minister Rishi Sunak and Kenyan President William Ruto agreed to fast track at COP27.