The EU and Kenya today signed an Economic Partnership Agreement (EPA) to boost bilateral trade in goods, increase investment flows, and contribute to sustainable economic growth.

The EPA provides a platform to support job creation on both sides, along with targeted cooperation to enhance Kenya’s economic development.

It is the most ambitious trade deal ever signed by the EU with a developing country when it comes to sustainability provisions such as climate and environmental protection, labour rights and gender equality.

”The landmark Kenya-European Union Economic Partnership Agreement signals to the globe that we are ready to manufacture and export high-value products to the world. It opens the mega, lucrative and premium EU market for Kenyan products, creating and expanding opportunities for our businesses and exporters,” President Ruto said.

The signature took place at State House, during an official ceremony in Nairobi with European Commission President Ursula von der Leyen and Kenyan President Dr. William Samoei Ruto.

The EU is Kenya’s first export destination and second largest trading partner, with a total of €3.3 billion in bilateral trade in 2022 – an increase of 27% compared to 2018. The EPA will create even more opportunities for Kenyan businesses and exporters, as it will fully open the EU market for Kenyan products upon entry into force. It will also incentivise EU investment in Kenya thanks to increased legal certainty and stability.

Kenya has played a pioneering role in driving sustainability efforts on the African continent and is a reliable ally in the fight against climate change.

It co-leads the Coalition of Trade Ministers on Climate initiative launched earlier this year, together with the EU and other partners. The EU-Kenya EPA builds on this strong track record and is the first agreement with a developing country in which the EU’s new approach to trade and sustainable development is reflected.