EUROPEAN TRADE DEAL WITH EAST AFRICAN COMMUNITY SET TO INCREASE TEXTILE TRADE
October 1st, 2014
KENYAN knitwear exporters maybe the biggest knitting sector winners from a comprehensive trade deal struck between the European Union (EU) and the East African Community (EAC), which was finalised on October 16. It should boost trade between the two regions - including of yarns and knitted or crocheted clothing and fabrics. Trade between the EU and east Africa’s economic hub Kenya may especially prosper, as its exporters currently pay significant duties on its knitwear exports to Europe, while poorer EAC countries - Burundi, Rwanda, Tanzania, and Uganda – do ...
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