Business
Kenya To Appeal Regional Court Ruling That Suspended EU Trade Deal
NAIROBI, Nov 26 (Reuters) – Kenya will appeal against a regional court ruling that halted a trade deal with the European Union, Trade Minister Lee Kinyanjui said on Wednesday, adding the ruling imperils $1.56 billion worth of annual exports to the EU.
The Tanzania-based East Africa Court of Justice suspended the implementation of the deal on Monday, Kinyanjui said, pending the outcome of a case brought by a non-governmental organisation challenging it.
Kenya signed the deal, known as an Economic Partnership Agreement, with the EU in 2023 to guarantee its goods market access to the 27-nation bloc, and setting out a schedule for European goods to access the Kenyan market over time.
A summary of the case against the agreement on the court’s website showed the NGO, the Centre for Law Economics and Policy, brought the case against Kenya on the grounds that the agreement with the EU violated some provisions of the treaty establishing the East African Community common market, of which Kenya is a member.
Now the trade ministry has initiated a legal appeal to set aside the court’s injunction, Kinyanjui said. The minister did not say when the appeal will be heard by the court.
“The Kenya-EU EPA is the lifeline of our booming exports and a source of livelihood to a large majority of Kenyans,” Kinyanjui said in a statement.
“Kenya will continue to trade with the EU and steps are being taken to ensure continuity, predictability and protection of our existing commercial arrangements.”
While Kenya exported $1.56 billion worth of goods to the EU last year, it imported $2.09 billion worth of goods from the bloc, the minister said.
African nations have been looking to increase their exports to markets such as the EU and China, after the imposition of steeper tariffs by the U.S. government this year.
The East African Community secretariat was not available immediately for a comment.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
-
Business1 week agoKakuzi Investors Face Massive Loss as Land Commission Drops Bombshell Order to Surrender Quarter of Productive Estate
-
Investigations1 week agoINSIDER LEAK REVEALS ROT AT KWS TOP EXECUTIVES
-
Investigations5 days agoCNN Reveals Massive Killings, Secret Graves In Tanzania and Coverup By the Govt
-
Business1 week agoBANKS BETRAYAL: How Equity Bank Allegedly Helped Thieves Loot Sh10 Million From Family’s Savings in Lightning Fast Court Scam
-
Business1 day agoConstruction Of Stalled Yaya Center Block Resumes After More Than 3 Decades and The Concrete Story Behind It
-
News1 week agoEXPOSED: How Tycoon Munga, State Officials, Chinese Firm Stalled A Sh3.9 Trillion Coal Treasure In Kitui
-
News1 week agoEx-Boyfriend Withdraws Explosive Petition to Remove DPP After Criminal Case Against Capital FM Boss Resurfaces
-
Politics6 days agoI Had Warned Raila Of Possible Fallout In The Odinga Family After His Death, Oburu Says
