PARLIAMENT ADOPT REPORT RATIFYING KENYA-EU ECONOMIC DEAL

The Kenyan parliament have unanimously voted for the ratification of the Kenya-EU Economic Partnership Agreement beating the lapse of 10 days deadline of Oct 1.

The move by the parliamentarians will now see the country continue enjoying free market access and will also save over 4 million jobs opportunities created by the EU market.

Chairperson of Departmental Committee on Finance, Planning and Trade Benjamin Langat commended industrialization ministry for ensuring that the house has been recalled, pointing out that the ratification of the EPA will see the country being 10 days ahead to the deadline set.

So far Kenya and Rwanda are the two states in the East Africa Community who have signed the Economic Partnership Agreement with the European Union, as even some of the EAC partners say the deal does not auger well for the region’s economies.

Before Oct 1, the East African Head of states are required to ratify the EPA with the EU if it is to come into effect.

The ratification will now see hundreds of farmers who export their products to the European Market enjoy low export tariffs imposed on their products.

Majority leader Aden Duale applauded the move saying it will also attract major companies to the country thereby creating job opportunities to the youths.

The parliamentarians however called on the government to create a conducive environment and also to build capacity for the locals especially through inculcating the process of adding value to their products before exporting them to the EU market.

Source: NAM NEWS NETWORK