The European Union and Kenya are set to announce a trade deal on Monday, EU officials said.
File: The flag of the European Union flying outside the European Commission headquarters in Brussels.NAIROBI - The European Union and Kenya are set to announce a trade deal on Monday, EU officials said, in a coup for Brussels as it seeks deeper economic ties with Africa.
Once entered into force, the Economic Partnership Agreement will give Kenya tariff-free access to the EU, its biggest market where it sends roughly one-fifth of all its exports. Kenya will gradually open its markets but exclude a range of sensitive products, said Dombrovskis, who said it was a"momentous day" for the two countries.
He said EU companies had invested 1 billion euros in Kenya in the past decade but there was considerable"appetite" in doing more business.It is the first broad trade deal between the EU and an African nation since 2016 and follows a spending spree by China on lavish infrastructure projects across the continent.
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