From the Chicago Tribune:
The East African Community has negotiated a draft agreement to extend preferential trade access with the European Union, intended to replace an interim accord expiring next week, Kenya's Foreign Ministry says.
If the Economic Partnership Agreement is ratified by the EU, exporters from Kenya, Tanzania, Uganda, Rwanda and Burundi will maintain duty-free access to Europe, the ministry said Sunday on its Twitter account, citing a signing ceremony that took place in the northern Tanzanian town of Arusha.
The country would be subjected to tariffs under the Generalised System of Preferences, which are lower than normal EU charges. Under the GSP regime, taxes on Kenyan imports to the EU will include as much as 8.5 percent on fresh roses and cut flowers, 30.1 percent on processed vegetables, 6.4 percent on tobacco and 2.6 percent on roasted coffee, the EU said.
To read the full article, visit the Chicago Tribune's website.
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