A new bilateral agreement involving customs tariffs has been concluded between Kenya and Egypt, reported Mohammed Asem, Egypt’s ambassador in Lusaka.
Asem added that the implementation of the contract would improve trade and investment between the two countries, and called investors from both countries to initiate joint industrial ventures.
Prior to this latest agreement, the two countries were involved in a trade dispute, with Egypt blocking tea imports from Kenya after it had accused Lusaka of charging excessive duty on its exports. With the latest tariff agreement, this issue has been resolved
Kenya, Asem said, is Africa’s largest exporter to Egypt, with tea and coffee constituting primary export commodities. Egypt imports about 80 percent of Kenya's tea exports. — (Albawaba-MEBG)
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