advertisement

Corporate

EU sets November deadline for new trade pact

All EAC member states except Kenya have little to worry about because they are currently categorised as members of the HIPC club. Photo/FILE
All EAC member states except Kenya have little to worry about because they are currently categorised as members of the HIPC club. Photo/FILE 

Kenya has been pushed into a tight spot after Europe set a November deadline to conclude long running negotiations with East Africa over the signing of new trade and economic partnership agreements.

The new deadline followed an unsuccessful round of talks in Dar es Salaam this week aimed at unlocking a stalemate on the signing of a framework on the Economic Partnership Agreement (FEPA).

“We didn’t agree and both sides agreed to maintain the status quo as we work towards beating the new November deadline,” David Nalo, the permanent secretary at the East African Community (EAC) Affairs ministry said.

“It was agreed that signing a framework on the EPA would be an illegality at this stage because the original deadline of July 2009 had lapsed. All negotiations would now be focused on having a comprehensive EPA by November,”