Exports and imports from Britain to the European Union plunged during the first month of the country's new trade relationship with the bloc, according to data published on Friday with some heavy caveats.
THE STANDARD By
Vivianne Wandera |
March 13th 2021 at 14:25:00 GMT +0300
Trade and Industrialisation Betty Maina (left) presents a gift to UK High commissioner to Kenya Jane Marriott (right) on March 12, 2021, at PanAfric Hotel. [Edward Kiplimo, Standard]
The recently signed economic trade agreement between Kenya and the United Kingdom has a lot to offer, the government has said.
The economic partnership agreement was met with uproar from local traders and parliament with fears that it could lead to unfair competition for local producers.
The Ministry of Trade and Industrialisation, however, says the trade deal will open up the UK more to Kenyan goods and services.