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
-
Grapevine1 week agoAlleged Male Lover Claims His Life Is in Danger, Leaks Screenshots and Private Videos Linking SportPesa CEO Ronald Karauri
-
Lifestyle2 weeks agoThe General’s Fall: From Barracks To Bankruptcy As Illness Ravages Karangi’s Memory And Empire
-
Grapevine6 days agoRussian Man’s Secret Sex Recordings Ignite Fury as Questions Mount Over Consent and Easy Pick-Ups in Nairobi
-
Investigations3 days agoMulti-Million Dollar Fraud: Three Kenyans Face US Extradition in Massive Cybercrime Conspiracy
-
Investigations2 weeks agoEpstein’s Girlfriend Ghislaine Maxwell Frequently Visited Kenya As Files Reveal Local Secret Links With The Underage Sex Trafficking Ring
-
News2 weeks agoState Agency Exposes Five Top Names Linked To Poor Building Approvals In Nairobi, Recommends Dismissal After City Hall Probe
-
Economy2 days agoIran Demands Arrest, Prosecution Of Kenya’s Cup of Joe Director Director Over Sh2.6 Billion Tea Fraud
-
Business1 week agoM-Gas Pursues Carbon Credit Billions as Koko Networks Wreckage Exposes Market’s Dark Underbelly
