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Kenya removes tariffs on Egyptian exports

Kenya has scrapped tariffs it imposed early this month on Egyptian exports, Arab Finance reports citing a statement by the Egyptian minister Trade and Industry Nevin Gamea.
Both countries had been embroiled in a trade row after the eastern African imposed a 25% customs duty on Egyptian imports, early September.
Gamea, the media notes, said Kenya will adhere to the Common Market for Eastern and Southern Africa (COMESA) trade agreement until June 30th 2021.
Egypt is one of Kenya’s key continental trade partners. The Arab country according to the Head of the Egyptian Commercial Service Ahmed Maghawry, exported $416 million (EGP 6.56 billion) worth of goods to Kenya during 2019.
The top imports from Egypt include paper and its products, sugar, steel, soap, detergent, cement, and electronics.

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Posted by on Sep 23 2020. Filed under Headlines, World News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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