It is now or never, EU put Kenya in a tight spot

flowers.jpg

Workers packing flowers ready for export in Kenya. Photo-flowerweb

At least 200 Kenyan firms dealing in agricultural exports to European Union are set to lose business, directly affecting millions of jobs in the sector if the National Assembly today fails to ratify the Economic Partnership Agreement under the Cotonou Protocol.

The union has given East Africa states up to the end of this month to ratify the agreement which normally shelves Kenya from Sh10 billion a year tax for its exports to the European Union.

The threat of losing this key export market that accounted for 32 percent of Kenya’s Sh581 billion exports last financial year has seen the National Assembly convene a special sitting to consider ratification of the agreement.

Even so, Tanzania, which has not shown any indication to sign the agreement, may spoil the party for other regional countries including Rwanda, Uganda and Burundi who have illustrated their commitment.

Speaking yesterday, the National Assembly Speaker Justin Muturi said the House, which has been on recess since the beginning of this month will discuss and possibly ratify the Economic Partnership Agreement with EU which Kenya signed in Brussels, Belgium.

The deal is expected to be ratified by all parliaments in East Africa for it to come into force.

Early this month, the EAC asked the EU to defer the September 30 deadline for three months to allow for more discussions with Tanzania which is yet to agree to sign the deal.

If Tanzania remains adamant, Kenya will suffer the most since other countries will continue to enjoy preferential treatments from EU as they are regarded as least developed.

Kenya is the only country in the region that is regarded as developing nation by EU hence qualifies to be charged Sh10 billion annually in export tax.

This is expected to exert more pressure on the country’s horticultural sector which is already facing other challenges including tough safety requirement, high logistics costs and stiff competition from Ethiopia.

11 thoughts on “It is now or never, EU put Kenya in a tight spot”

  1. Kill says:

    I will right away grab your rss feed as I can not in finding your email
    subscription hyperlink or e-newsletter service. Do you have any?
    Kindly permit me understand so that I may subscribe.
    Thanks. http://bing.co.uk

  2. niggerz says:

    Terrific work! This is the type of information that
    should be shared across the internet. Shame on Google for no longer positioning this submit upper!
    Come on over and seek advice from my website .
    Thanks =)

  3. anonymous says:

    I simply want to tell you that I am just all new to blogging and site-building and really enjoyed this website. More than likely I’m going to bookmark your website . You actually have very good well written articles. With thanks for revealing your web page.

  4. You completed numerous good points there. I did particular searches about the issue
    and found many people can relate with along with your blog.

    Great post!

  5. Definitely instructive as well as superb structure of articles, now that’s fantastic.

  6. It’s a shame you don’t have a donate button! I’d without a doubt donate to this fantastic blog!
    I suppose for now i’ll settle for bookmarking
    and adding your RSS feed to my Google account. I look
    forward to brand new updates and will talk about this blog with my Facebook group.
    Talk soon!

  7. Excellent article. Keep writing such kind of information on your page.
    Im really impressed by your blog.
    Hello there, You’ve done an excellent job. I will
    certainly digg it and for my part suggest
    to my friends. I’m confident they will be benefited from this web site.

  8. Great blog you have here but I was wanting to know if you knew of
    any user discussion forums that cover the same topics discussed
    in this article? I’d really like to be a part of online
    community where I can get suggestions from other experienced individuals that share the same interest.
    If you have any suggestions, please let me know. Many thanks!

  9. Hurrah! Finally I got a weblog from where I can truly obtain helpful facts concerning my study and knowledge.

  10. Keep up the fantastic piece of work, I read few blog posts on this
    web site and I think that your site is really fascinating and has a lot
    of great information.

  11. Very good article. I’m facing many of these issues as well..

Leave a Reply

Your email address will not be published. Required fields are marked *

29 − 19 =

Top