Business community wants EAC states to seek trade deal with UK as one bloc
The Hela Intimates EPZ Ltd factory in Athi River, Kenya. The EABC argues that it would be more beneficial if the region is marketed as a single investment destination. PHOTO | LUCY WANJIRU
The East Africa Business Council wants the region’s partner states to start negotiations with the United Kingdom, following the signing of the Brexit trade deal between Kenya and the UK.
The region’s private sector umbrella body made the appeal during its Annual General Meeting held virtually on December 16. It said that while it supports Kenya’s decision, the region’s enjoinment to the deal would enable the bloc to export larger volumes of goods and enjoy economies of scale by marketing as one investment destination.
