Kenya Grants China Duty — Free Access to 98. 2% of Exports. Nairobi, Kenya — Kenya has reached a preliminary trade deal with China, granting duty-free access to 98.
2% of its exports, according to official statements.
The agreement, known as an ‘early harvest’deal, is part of a broader effort to rebalance Kenya’s trade relationship with China, which has historically been skewed towards imports.
The deal aims to boost exports, primarily in agriculture, and address Kenya’s trade deficit with China.
It is expected to unlock new export opportunities and strengthen bilateral trade ties, according to the Online Kenyan.
The agreement aligns with China’s broader strategy to deepen economic ties with African countries, including the removal of tariffs on African exports to China, as reported by Reuters. This move could benefit middle-income countries across the continent.
The Kenya Times notes that the deal includes duty — free and quota-free market access for goods from Least Developed Countries (LDCs), potentially expanding the benefits of the agreement beyond Kenya.
The arrangement follows sustained negotiations between Nairobi and Beijing, and is seen as a significant step towards evening out the trade balance between the two nations. While details of the agreement remain limited, it is expected to have a substantial impact on Kenya’s economy.
Further details about the agreement and its implementation are expected to be announced in the coming days.
For now, the deal stands as a promising development for Kenya’s export sector and its trade relations with China.
Sources: The Online Kenyan, Reuters, The Kenya Times.
Source: Africa.
*Additional reporting by ImNews | Sources consulted: 5*
