Kenya ranked third in Africa to gain from free trade deal

Kenya has been ranked third among African countries that stand to gain most from the continental free-trade zone that is expected to start work in January, Word Bank reveals.

Only Ivory Coast and Zimbabwe are said to benefit more than Kenya from the African Continental Free Trade Area (AfCFTA) — the largest since the creation of the World Trade Organisation in 1994.

The World Bank reckons Kenya’s relatively developed industrial potential and human capital will give it an edge from reduced trade barriers on the continent.

Kenya is also among those that have already reduced trade costs and barriers with neighbouring countries.

“Most of AfCFTA’s income gains are likely to come from measures that cut red tape and simplify customs procedures,” the World Bank`.

Click here to view the original article.

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top