flower
flower

Kenya’s flower sector on Tuesday called for the ratification of the Kenya-UK trade agreement in order to boost exports.

Clement Tulezi, CEO of Kenya Flower Council (KFC), said that the country’s exports of cut flowers and ornaments to Britain could be subject to additional tariffs by the end of this year if the Economic Partnership Agreement (EPA) is not ratified by Kenya’s parliament.

“The trade agreement ensures that all cut flowers and ornamental companies in Kenya can continue to benefit from quota and duty-free access to the UK market,” Tulezi said in a statement.

According to government data, cut flowers are now Kenya’s second largest export after tea, contributing around 1.06 percent of the country’s gross domestic product (GDP) and providing employment to over 200,000 people directly and an estimated two million indirectly.

Last week, Britain’s legislators endorsed the trade deal with Kenya after completing scrutiny of the document, paving the way for its enforcement once the Kenyan counterparts approved it.

Tulezi said that if the EPA is not brought into effect, tariffs on imports from Kenya would revert to the most favored nation (MFN) rates.

“This would lead to the imposition of duties on some of our imports from Kenya and more particularly at a rate of 8 percent on cut flowers. For 2021, the amount of duty that would be on Kenya’s agricultural exports to the UK is estimated to be 2.6 billion shillings (24 million U.S. dollars) if the EPA is not ratified in time,” he added.

Tulezi observed that under the bilateral trade pact, Kenya’s cut flowers exports will remain competitive and certainty in terms of trade will encourage investment, leading to more production and more jobs. Enditem

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleEthiopia returns home 733 nationals from Saudi Arabia, Lebanon
Next articleKenyan and EU leaders agree to scale up bilateral ties
Xinhua News Agency, Xinhuanet is an important central news service-oriented website, an important information organ of the central government, and an important platform for building up China's online international communication capacity. Established on November 7, 1997, as an online news provider of the Xinhua News Agency, it was officially named Xinhuanet on March 10, 2000 and began around-the-clock news release with leading online public opinion at home and setting a good image of China abroad as its main task.

LEAVE A REPLY

Please enter your comment!
Please enter your name here