Kenya Lifts 24-Year-Old Sugar Safeguard, Embraces Duty-Free Imports. Nairobi, Kenya — Kenya has officially opened its sugar market to duty-free imports from the Common Market for Eastern and Southern Africa (COMESA) countries, marking the first such move in 24 years.
The decision aims to increase sugar supply and potentially lower domestic prices, officials.
According to regional officials, Kenya’s move to lift the COMESA sugar safeguard reflects a shift towards a more competitive market environment.
The government stated in a communiqué that the decision is a sign of confidence in the sector’s competitiveness. Kenya’s sugar production is expected to rise to 815,454 tonnes, with controlled imports to stabilize supply.
The Sugar Board believes that the sector is now competitive and that reforms and production increases will lead to self — sufficiency. Officials commented on the matter. “It’s expected to benefit Kenyan consumers by improving supply and potentially reducing prices.”.
The move has been welcomed by industry stakeholders, who see it as an opportunity to enhance the sector’s competitiveness.
However, some concerns have been raised about the potential impact on domestic producers.
The situation remains developing, and further details are expected as the market adjusts to the new policy.
Regional officials confirmed that the move is part of a broader strategy to integrate the Kenyan market with the rest of the COMESA region, promoting trade and economic growth. Sources close to the matter said that the decision to lift the safeguard was made after extensive consultations with industry stakeholders and regional partners.
Further details are expected as the market adjusts to the new policy.
Source: Kenya bets on competitive market as duty-free sugar imports return after 24 years — africa. Businessinsider.
*Additional reporting by ImNews | Sources consulted: 5*
